Mosaic shares drop after J.P. Morgan downgrades to 'underweight'

Mosaic

26/02/2026 09:23

** Shares of fertilizer company Mosaic MOS.N fall nearly 1% to $26.7 in premarket trade

** J.P. Morgan downgrades stock to "underweight" from "neutral"

** Says it is difficult for Mosaic in the current environment to fund its capital expenditures of about $1.3 bln and its dividend of $280 mln from annual operating cash flow

** Co missed Wall Street expectations for fourth-quarter profit on Tuesday, hurt by a steep drop in U.S. phosphate demand that weighed on sales volumes

** "Mosaic is likely to experience a year of lower earnings in 2026 as a base case" - brokerage

** Twenty one analysts rate the stock "buy" on average; median PT is $33 - data compiled by LSEG

** As of last close, MOS up ~12% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))