Nutrien price target lowered to $58 from $60 at Oppenheimer

Oppenheimer lowered the firm’s price target on Nutrien (NTR) to $58 from $60 and keeps an Outperform rating on the shares. Amid tariff and macro uncertainty, agriculture has “proved a relatively resilient pocket of the market,” the analyst tells investors in a research note. The firm says that while not immune to tariffs and retaliatory measures, ag’s fundamental setup coming into 2025 remains intact. The potential for government subsidies helps dampen the economic impact on farmer customers, contends Oppenheimer.