Stifel analyst Vincent Anderson raised the firm’s price target on Nutrien to $75 from $72 and keeps a Buy rating on the shares as the firm is updating estimates ahead of the company’s Q4 earnings call mostly as a result of an updated price deck. For 2024, the firm expects a relatively balanced potash and nitrogen environment, with Nutrien expected to benefit from the lapping of poor production and sales volumes in 2023 in both its segments, the analyst tells investors.
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