Nutrien (NTR) PT Raised to $69 at RBC Capital Into Results

RBC Capital analyst Andrew Wong raised the price target on Nutrien (NYSE: NTR) to $69.00 (from $63.00) while maintaining an Outperform rating ahead of second-quarter results.

The analyst commented, "We believe Nutrien benefits from a very strong ag environment and higher fertilizer prices, which should drive continued upward estimate revisions and strong cash flow. We think valuations remain very reasonable near historical averages, while being based on conservative estimates that we think should continue to move higher as the strong market fundamentals are priced in."

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