Nutrien price target raised to $66 from $64 at CIBC

CIBC raised the firm’s price target on Nutrien (NTR) to $66 from $64 and keeps an Outperformer rating on the shares. The firm cites increased pricing assumptions for the target bump and says Nutrien remains its preferred name in fertilizers. With significant underutilized potash capacity, the company is well positioned to benefit from favorable long-term demand for potash, the analyst tells investors in a research note.