Mosaic downgraded to Neutral from Buy at Citigroup Citigroup downgraded Mosaic citing deteriorating fundamental and the company's announcement that it will not be able to buy back its shares from the Cargill trusts until at least November 2013. Citi lowered its price target for shares to $57 from $69.
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Mosaic buyback timing and size both positive, says Barclays Barclays said Mosaic's deal to repurchase 43.3M of its shares from two trusts associated with the Cargill family should not be viewed as a surprise, but the firm views the speed of the deal being reached and the fact that the covered shares represent one-third of those held by the Trusts converting to common as positives. Barclays has an Overweight rating and $49 price target on Mosaic.