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Fly News Breaks for February 20, 2020
NTR
Feb 20, 2020 | 08:15 EDT
RBC Capital analyst Andrew Wong lowered his price target on Nutrien to $55 after its Q4 earnings miss and given the challenging conditions in the fertilizer market to start the year. The analyst still keeps his Outperform rating however, saying Nutrien operations remain solid and its "steady" free cash flows should support its ongoing dividend increases, adding that the company is positioned for a recovery in the second half of 2020 as the fertilizer market improves.
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