Nutrien price target raised to $59 from $54 at Mizuho

Mizuho analyst Edlain Rodriguez raised the firm’s price target on Nutrien to $59 from $54 and keeps a Neutral rating on the shares following the Q1 report. With the agricultural complex under pressure due to softer crop prices that will likely impact farmers’ net income, the firm remains cautious on fertilizer stocks, the analyst tells investors in a research note.