** Shares of fertilizer producer Mosaic MOS.N rise 1.3% to $24.22
** J.P.Morgan raises MOS rating to "overweight" from "neutral"; raises price target to $29 from $26
** "There is room for the company to increase sales volumes, which were held back by hurricanes in the second half of 2024," JPM says
** Adds that the direction of prices for its key fertilizers is higher
** "We think that Mosaic can reach $2.4b in EBITDA in 2025 versus $2.2b in 2024 " J.P.Morgan analysts say in a note
** The new price target represents a 21.2% upside to the stock's last close
** Seven of 20 brokerages rate the stock "buy" or higher, 10 "hold" and 3 "sell"; their median PT is $32 - LSEG data
** Including session's move, shares down about 1% YTD
(Reporting by Katha Kalia in Bengaluru)
((Katha.Kalia@thomsonreuters.com))
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