# Freedom Broker downgrades Mosaic stock rating on sulfur costs

> Freedom Broker downgraded Mosaic to Sell from Hold and raised its price target to $18 from $17. The analyst cited sulfur costs, which pushed Mosaic's phosphate gross margin below zero even with DAP at $838 per tonne. Management expects fourth-quarter 2026 to be the EBITDA trough, with cheaper sulfur contracts helping from early 2027.

- Date: 2026-11-11 · published 2026-11-12T00:12:57.815Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/94413-freedom-broker-downgrades-mosaic-stock-rating-on-sulfur-costs
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Sulfur is a key input for phosphate production, so its cost sets the margin for DAP producers and can constrain phosphate supply. The story is mainly about equity valuation, with a limited direct effect on feed commodity prices.

## Read by commodity

- DAP: bullish ▲

## Sources

- ph.investing.com: https://ph.investing.com/news/stock-market-news/freedom-broker-downgrades-mosaic-stock-rating-on-sulfur-costs-93CH-2693185
- investing.com: https://www.investing.com/news/analyst-ratings/freedom-broker-downgrades-mosaic-stock-rating-on-sulfur-costs-93CH-5019678

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.