Nutrien's (NTR) agricultural fundamentals in Q4 remain well-supported by robust crop prices and yields, RBC Capital Markets said in a Monday research report.
Global potash markets were active in Q4, offsetting the late 2025 weather-related slump in North America, while robust nitrogen markets through the quarter were supported by demand across all products and higher prices, analysts wrote.
The brokerage said it expects robust operations and a constructive market environment in 2026 due to solid fundamentals, according to the note.
The company is likely to continue prioritizing operational enhancements around cost and capital efficiency, with a focus on non-core assets, the firm said. Robust execution and a steady market should support a re-rate in shares, RBC stated.
The brokerage said it reiterated its outperform rating on the stock and boosted its price target to $75 per share from $70.
Price: 67.09, Change: +0.71, Percent Change: +1.07
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