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Nutrien price target lowered to $63 from $65 at Scotiabank

Scotiabank lowered the firm’s price target on Nutrien (NTR) to $63 from $65 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for Global Fertilizers under its coverage, the analyst tells investors. Despite the “fantastic quarter” on strategic initiative execution, the firm is lowering its price target due to reflect the removal of Trinidad.

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