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Nutrien price target lowered to $64 from $69 at CIBC

CIBC analyst Jacob Bout lowered the firm’s price target on Nutrien to $64 from $69 and keeps an Outperformer rating on the shares. Nutrien “only made minor tweaks to its 2024 guidance,” notes the firm, which has lowered its own 2024 estimates slightly to reflect this guidance and lower fertilizer price assumptions.

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