Nutrien price target lowered to $86 from $87 at Citi

Citi analyst P.J. Juvekar lowered the firm’s price target on Nutrien to $86 from $87 and keeps a Buy rating on the shares. While he is not calling for "peak Ag" given that farmers "remain in robust shape," he does think the risk/reward in general for the group is "less attractive today compared to a year ago," Juvekar said. In North America Fertilizers and Agri Chemicals he prefers seed and ag chemical companies over fertilizers, Juvekar added.