Nutrien Ltd. (NTR:CA) (NTR)
Analyst Update
RBC Capital Markets raised its 12 month price target to $104 from $100 while reiterating its “Outperform” rating on Nutrien, reflecting improving fundamentals across the global fertilizer market. The firm points to a more positive outlook for potash pricing as supply discipline holds and demand normalizes following prior destocking cycles, particularly in key agricultural regions.
Analysts also highlighted Nutrien’s strong retail segment performance, which continues to benefit from stable grower demand, improved margins, and cost efficiencies. The company’s vertically integrated model and scale provide earnings resilience and cash flow visibility, supporting capital returns through dividends and share buybacks. With fertilizer affordability improving and global crop prices stabilizing, RBC believes Nutrien is well positioned to generate above-peer returns, justifying the higher target and a positive near- to medium-term outlook.
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