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Fly News Breaks for March 19, 2019
NTR, MOS, CF
Mar 19, 2019 | 06:58 EDT
Citi analyst P.J. Juvekar cut his Q1 earnings for CF Industries (CF), Mosaic (MOS) and Nutrien (NTR) saying the start to the spring has been slow due in part to tough weather conditions in much of the Midwest. The cuts are driven by weather, not a change in fundamentals, Juvekar tells investors in a research note. He expects U.S. demand will pick up soon and thinks it is too early to "throw in the towel" for the spring season. Juvekar prefers shares of Nutrien, CF and Mosaic, in that order, and keeps Buy ratings on all three names.
News For CF;MOS;NTR From the Last 2 Days
NTR
Mar 28, 2024 | 13:44 EDT
Nutrien is mulling divestments in South America, replacing management and halting acquisitions in Brazil after steep losses in the region, Ana Mano of Reuters reports, citing sources with direct knowledge of the matter. The company separated Brazil from the rest of its Latin American operations this year as it mulls the sale of Argentina, Chile and Uruguay assets in order to streamline operations in the region, two sources told Reuters. Since April 2023, at least eight senior executives or managers were fired or quit the company, including Brazil's entire supply management team, and the former Latin America CEO and CFO, according to three sources. Reference Link
NTR
Mar 26, 2024 | 04:54 EDT
Jefferies analyst Laurence Alexander initiated coverage of Nutrien with a Buy rating and $62 price target. As a leading supplier of both fertilizers and crop protection solutions, Nutrien has leverage in the longer-term to a turn in consumer confidence, restocking, climate stress driving higher crop prices, and the energy transition resetting nitrogen economic, the analyst tells investors in a research note. The firm sees a favorable risk/reward on the shares as headwinds fade.