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Fly News Breaks for January 23, 2020
NTR
Jan 23, 2020 | 06:11 EDT
Stephens analyst Mark Connelly downgraded Nutrien to Equal Weight from Overweight with a price target of $55, down from $68. The analyst reduced his estimates to reflect "expected sluggish" wholesales volume amid a "disappointing" application season, and a further decline in nitrogen and potash prices. Challenges for farmers in the U.S, and also in Australia, are likely to weigh on the company's results, Connelly tells investors in a research note. Nutrien has among the least operating leverage of any major agriculture input producer "thanks to the stabilizing impact of retail," adds the analyst.
News For NTR From the Last 2 Days
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.