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Fly News Breaks for January 8, 2018
POT, AGU, NTR
Jan 8, 2018 | 07:39 EDT
RBC Capital analyst Andrew Wong initiated Nutrien (NTR) with an Outperform rating and a price target of $60. Wong says Nutrien offers a "strong synergy potential, significant capital re-allocation opportunities, robust free cash flow generation, and an asymmetric return profile". Now that the company has completed the merger of equals between Agrium (AGU) and Potash Corporation (POT), the analyst writes in his research note, the management will "eagerly move into action" on integration.
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