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UtilitiesConservativeLarge CapNeutral

BMO cuts Mosaic PT on reduced phosphate margins; shares fall

** Shares of fertilizer producer Mosaic Co MOS.N down 2.7% at $25.5

** Brokerage BMO Capital Markets cuts price target to $35 from $43

** The new PT represents a 33.5% upside to the stock's last close

** Brokerage cuts PT as it lowers 2026 earnings estimates on reduced phosphate margins

** However, BMO sees "more upside than not" as phosphate prices are closer to stabilization now following a rapid H2 decline to more affordable prices

** 10 of 20 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $35 - data compiled by LSEG

** Up to last close, stock up 6.6% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))

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