BMO Capital Markets Raises PT on Mosaic to $64

BMO Capital Markets raises its PT on Mosaic MOS from $61 to $64 and continues its Market Perform rating on the company in a research report out today. In the report, BMO Capital writes, "MOS remains rated Market Perform, but we have raised our target price to $64 from $61. The resumption at South Fort Meade removes an overhang and will help MOS reduce phosphate costs, but phosphate pricing could continue to be soft in 2012. As the Cargill restrictions continue to come off, MOS could become in play in mid-2013." Shares of Mosaic are currently trading at $59, up 0.34% from yesterday's close.