Story updated at 10 a.m. to reflect market activity.
Mosaic gained 0.7% to $49.05 in morning trading.
The bank reiterated its "equal weight" rating for the company. Barclays analyst Matthew J. Korn said the price target increase was driven by material improvement in phosphate profitability, and increasing volumes of higher-margin MicroEssential blends.Must read: Warren Buffett's 10 Favorite Growth Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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