Nutrien price target raised to $71 from $64 at BofA

BofA raised the firm’s price target on Nutrien (NTR) to $71 from $64 and keeps a Neutral rating on the shares. The backdrop of a nutrient market where pricing is holding in stronger for longer is driving the firm’s estimates higher, but over the medium term the firm remains “a bit skeptical on how durable this view is given rising potash supply,” the analyst tells investors.