RBC Capital Markets raised its price target on Nutrien Ltd. (NTR.TO, NTR) US$75 from US$70.
Analyst Andrew D. Wong maintained an Outperform rating on shares of the Canadian provider of crop inputs and services ahead of its Q4 results on February 19.
"We see strong operations and a constructive market environment in 2026, with constructive fundamentals in ag, nitrogen and potash that support solid cash flows (7-8% FCF yield in 2026E/2027E)," Wong said in a note to clients.
"We expect Nutrien to remain very focused on operational improvements, particularly around cost and capital efficiency, with particular attention on non-core assets," the analyst said.
"We think continued strong execution and a steady market should support a continued gradual re-rate in shares."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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