Scotiabank Lowers Price Target on Nutrien Shares
Analysts Set Sector Outperform Rating
In a research note issued on Monday, Scotiabank lowered their price target on shares of Nutrien NTR from C$66.00 to C$59.00. The analysts also set a "sector outperform" rating on the stock.
BMO Capital Markets also lowered their price target on Nutrien shares, from C$80.00 to C$75.00, in a research report issued on Monday. The analysts maintained an "outperform" rating on the stock.
Nutrien's stock price has been under pressure in recent months due to concerns about the global fertilizer market. The company's shares are down about 20% year-to-date.
Despite the recent weakness in the stock price, analysts remain positive on Nutrien's long-term prospects. The company is a major player in the global fertilizer market and is well-positioned to benefit from the growing demand for food.
Get the latest Nutrien Ltd (NTR) real-time quote, historical performance charts, and other financial information to help you make more informed trading and investment decisions.
Comments