Scotiabank analyst Ben Isaacson raised the firm’s price target on Nutrien (NTR) to $75 from $70 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for Global Fertilizer stocks under its coverage, the analyst tells investors. The firm sees Nutrien as fairly valued and prefers to be long for a pair trade.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTR:
- Forget Oil. Fertilizer Stocks Such as CF Industries (CF) Are Skyrocketing
- Nutrien price target raised to $93 from $77 at Morgan Stanley
- CF Industries price target raised to $135 from $95 at Morgan Stanley
- Yara price target raised to NOK 530 from NOK 405 at Morgan Stanley
- Nutrien price target raised to $85 from $80 at RBC Capital