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Nutrien price target raised to $74 from $60 at Jefferies

Jefferies raised the firm’s price target on Nutrien (NTR) to $74 from $60 and keeps a Hold rating on the shares. Q4 EBITDA of $1.28B was below consensus at $1.32B, but ahead of the firm’s estimate of $1.16B, notes the analyst, who says favorable grower demand likely will support an increase in potash and crop protection volumes.

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