BUZZ-Scotiabank lifts Mosaic rating to 'sector outperform'

Reuters02-02 21:55
BUZZ-Scotiabank lifts Mosaic rating to 'sector outperform'

** Brokerage Scotiabank raises rating on fertilizer company Mosaic MOS.N to "sector outperform" from "sector perform"

** Shares of the company rise 1% to $27.80 premarket

** Brokerage says China may add sizeable urea exports into a weak summer market, while Iran remains the main wildcard

** "Phosphate stripping margins appear to be bottoming as demand normalizes, and strong potash affordability keeps markets firm for now, but new second‑half production and softer demand could cap further price gains" - Scotiabank

** 10 of 20 brokerages rate the stock "buy" or higher, 10 "hold" - LSEG data

** MOS fell 1.18% in 2025

(Reporting by Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com))

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