Nutrien Ltd. (NTR:CA) — RBC maintained its Outperform rating with a C$121.00 price target. Nutrien reported higher first-half earnings, but second-quarter earnings declined as lower fertilizer volumes and increased sulfur costs more than offset stronger fertilizer prices. Looking ahead, investors will be watching potash shipments, nitrogen margins and agricultural retail performance. Farmer affordability, fertilizer supply conditions and input costs will determine whether pricing strength translates into sustainable earnings and cash flow.
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