BofA downgraded Nutrien (NTR) to Neutral from Buy with an unchanged $67 price target The firm sees a “more balanced risk-reward” for the stock given that the fertilizer price rally is likely running out of steam amid “persistent concerns” regarding the ag cycle, the analyst tells investors in a research note. Nutrien’s valuation of about 7-times expected 2026 EBITDA also looks “fair” following the stock’s 38% year-to-date gain, the firm added.
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