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Nufarm downgraded to Neutral from Overweight at JPMorgan

JPMorgan downgraded Nufarm to Neutral from Overweight with a price target of A$5.50, down from A$6. The company repotted softer than expected first half results driven by depressed pricing in Crop Protection, which had a magnified impact on both gross and operating margins, the analyst tells investors in a research note.

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