Nutrien Ltd. (NTR:CA) Scotiabank Raises Target Forecast

Nutrien Ltd. (NTR:CA) (NTR)

Analyst Updates

Scotiabank maintained its “Sector Perform” rating on Nutrien’s stock, while raising the 12 month target price to $96.00 from $85.00. The upward revision reflects improving stability in global fertilizer prices, which had previously pressured agricultural input stocks amid volatile agricultural commodity markets.

Analysts highlight that fertilizer markets are moving out of a period of extreme supply and price swings, as inventories, production rates, and end-demand patterns show signs of normalization. This stabilization supports more predictable earnings for Nutrien, which is one of the world’s largest producers and distributors of potash, nitrogen, and phosphate fertilizers.

The bank also noted that Nutrien’s diversified business mix, including retail operations, crop inputs, and logistics capabilities helps mitigate risks tied to commodity price volatility. While broader macroeconomic and crop price pressures remain, Nutrien’s strong balance sheet, robust cash flow generation, and disciplined capital allocation position it to weather near-term cyclical challenges and deliver stable shareholder returns.

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