Barclays (NYSE:BCS) increased its price target and earnings estimates on The Mosaic Company, although they kept their "Equalweight" in place.
"After MOS' Q1/f2011 conference call, we are increasing our target price to $60/sh to reflect higher expected sales volumes in its phosphates division along with lower corporate taxes," said Barclays' analyst.
The full year earnings estimate for 2011 was raised from $3.11 to $3.63, and for 2012 earnings for the full year were raised from $3.86 to $4.30.
Barclays raised the price target on Mosaic from $54 to $60, as they closed at $61.01 Wednesday, gaining $0.21, or 0.35 percent.
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