Exane BNP Paribas analyst Rikin Patel downgraded earlier today Nutrien to Neutral from Outperform with a price target of $56, down from $66. Longer term, the analyst remains concerned around oversupply in potash, saying large cap miners are bringing ample capacity to the market. For nitrogen, the firm sees limited upside to pricing as costs ease.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NTR:
- ‘Load Up,’ Says Barclays About These 2 Agribusiness Stocks
- Nutrien price target lowered to $68 from $70 at Piper Sandler
- Kraft Heinz upgraded, AMD initiated: Wall Street’s top analyst calls
- Nutrien upgraded to Overweight from Underweight at Barclays
- Nutrien downgraded to Neutral from Overweight at JPMorgan
Questions or Comments about the article? Write to editor@tipranks.com