RBC Capital analyst Andrew Wong lowered the firm’s price target on Nutrien to $70 from $75 but keeps an Outperform rating on the shares after its Q4 results. The company is executing well, and Nutrien and ag/fertilizer markets are on the path toward stability, although 2024 may be a “transition year” toward an improved outlook, the analyst tells investors in a research note. Nutrien’s scontinued focus on execution and cash generation should support moderate capital return and a path to continued valuation recovery, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NTR:
- Nutrien sees 2024 adjusted EBITDA $1.65B-$1.85B
- Nutrien reports Q4 adjusted EPS 37c, consensus 65c
- Nutrien raises quarterly dividend 2% to 54c per share, begins share repurchase
- Nutrien price target lowered to $67 from $75 at TD Securities
- 3 Best Stocks to Buy Now, 1/30/2024, According to Top Analysts
