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Fly News Breaks for May 9, 2018
NTR
May 9, 2018 | 08:26 EDT
As previously reported, Raymond James upgraded Nutrien to Outperform from Market Perform with a $58 price target. Analyst Steve Hansen believes broader NPK sector downside risks are now greatly outweighed by a longer-term, cyclical upside backdrop through 2020. Hansen thinks Nutrien's has the ability to pull multiple strategic "levers", optimize its portfolio, grow into strategic markets, and return capital to shareholders.
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