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Fly News Breaks for February 20, 2020
NTR
Feb 20, 2020 | 08:19 EDT
BMO Capital analyst Joel Jackson lowered his price target on Nutrien to $52 after its Q4 earnings miss and also reduces his expected FY20 adjusted EBITDA view to $3.98B from $4.25B - below the company's guided $4.05B - in assuming a more conservative potash price forecast. The analyst is keeping his Outperform rating on Nutrien however, stating that the stock should rebound with a likely strong spring demand recovery, improving nitrogen prices, and a resilient Retail business.
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