Nutrien price target lowered to $67 from $75 at TD Securities

TD Securities lowered the firm’s price target on Nutrien to $67 from $75 and keeps a Buy rating on the shares ahead of the company’s Q4 report on February 21. Nutrient price pressures have been more prevalent than price increases, the analyst tells investors in a research note. The firm, however, sees potential for a general improvement in various nutrient prices as 2024 progresses and believes Nutrien offers attractive long-term value.