Barclays analyst Benjamin Theurer upgraded Nutrien to Overweight from Underweight with a price target of $68, up from $64. After a volatile Q3 and relative underperformance of potassium versus and nitrogen, the firm switched Americas agribusiness recommendations and double-upgraded Mosaic and Nutrien given their potassium exposure, while upgrading ICL Group to Ove weight as well. The analyst downgraded CF Industries to Unweight given its recent relative outperformance, and lower Corteva to Equal Weight due to its persistent destocking overhang.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NTR: