Nutrien price target raised to $63 from $62 at Jefferies

Jefferies raised the firm’s price target on Nutrien (NTR) to $63 from $62 and keeps a Buy rating on the shares. Q1 EPS of 11c was 42c below consensus and 21c below the firm’s estimate, though the 2025 full-year outlook remains intact, supported by $200M in cost-saving initiatives, the analyst tells investors. Macro uncertainties continue to linger, but Nutrien continues to focus on U.S. retail tuck-in acquisitions and divestiture opportunities for non-core assets, the analyst added.