TD Securities analyst Michael Tupholme downgraded Nutrien to Hold from Buy with a $91 price target. Fertilizer prices have continued to weaken of-late and there is little evidence to suggest a general upturn in fertilizer prices is likely over the near term, the analyst tells investors in a research note. The firm expects Nutrien’s Q4 and 2022 results will be restrained by various issues, including weaker potash demand, gas supply curtailments in Trinidad, and weather.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on NTR:
- Nutrien downgraded to Hold from Buy at TD Securities
- Nutrien downgraded to Market Perform on valuation at Raymond James
- Nutrien downgraded to Market Perform from Outperform at Raymond James
- Nutrien call volume above normal and directionally bullish
- Nutrien price target lowered to $115 from $120 at RBC Capital
