Nutrien price target raised to $56 from $54 at Piper Sandler

Piper Sandler raised the firm’s price target on Nutrien to $56 from $54 and keeps an Underweight rating on the shares following the release of the company’s Q1 earnings report. While the firm retains its Underweight rating on the stock, it raised its price target to reflect stronger Q1 volume performance than the firm anticipated. However, Piper sees some of that volume as a pull forward from Q2 and so it only slightly increased its volume outlook for 2024/2025.