Piper Sandler analyst Charles Neivert raised the firm’s price target on Nutrien (NTR) to $63 from $58 and keeps an Overweight rating on the shares. The trends the firm has identified signal advancing tailwinds, which will likely strengthen grain prices and support higher nutrient prices in their wake. In Piper’s view, these tailwinds are sustainable well beyond the immediate benefit to the shares garnered from the WASDE adjustment.
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Read More on NTR:
- Belarusian potash supplier cuts production, says BMO Capital
- Mosaic, Nutrien rally after BMO flags potash production cut in Belarus
- Nutrien downgraded to Equal Weight from Overweight at Barclays
- Nutrien upgraded to Overweight from Underweight at Piper Sandler
- Nutrien upgraded to Neutral from Underweight at JPMorgan
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