Mizuho lowered its price target on Mosaic to $20 from $22 and kept a Neutral rating. The company reported third-quarter adjusted EBITDA of $324 million, down 60% year over year and below consensus, with adjusted EPS of negative $0.19.
Management expects phosphate production to remain curtailed.
The analyst cut reflects margin squeeze from rising input costs and scarce sulfur, which limits phosphate output. This is a equity-focused note with limited direct impact on physical fertilizer or feed ingredient prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.