Mosaic shares are trading lower after Wells Fargo maintained an Equal-Weight rating on the stock but lowered its price target from $44 to $38.
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has maintained an Equal-Weight rating on Mosaic's stock but lowered its price target from $44 to $38. This has led to a decrease in Mosaic's share price.
October 23, 2023 | 2:10 pm
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Wells Fargo has lowered its price target for Mosaic from $44 to $38, while maintaining an Equal-Weight rating. This has negatively impacted Mosaic's share price.
The lowering of the price target by Wells Fargo indicates a less optimistic outlook for Mosaic's stock, which can lead to a decrease in its share price. This is reflected in the stock's current performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100