Nutrien price target raised to $93 from $77 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Nutrien (NTR) to $93 from $77 and keeps an Overweight rating on the shares. Equity markets “appear to have fairly efficiently priced in” the tighter backdrop from the Middle East conflict to both CF and Yara (YARIY), but Nutrien “appears left behind,” the analyst tells investors in a note on the fertilizers group.