Raymond James upgraded Nutrien (NTR) to Outperform from Market Perform with a price target of $60, up from $58. The firm sees “tangible signs of life” in potash markets. The recent decline in the share price presents a more compelling entry point, the analyst tells investors in a research note. Raymond James highlights spot prices for potash in Southeast Asia and Brazil are rising and says its recent meeting with management indicated Nutrien’s efforts to streamline the business are “gathering momentum.”
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Read More on NTR:
- Nutrien upgraded to Outperform from Market Perform at Raymond James
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- Nutrien Reports Q3 2024 Earnings Amid Strategic Initiatives
- Nutrien’s Q3 2024 Earnings Highlight Potash Success
- Nutrien Announces US$0.54 Quarterly Dividend
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
