Stockchase DiscoverA very quiet BB. GLTA
TOP PICK
Nutrien Ltd.(NTR-T)
07/03/2023
Stockchase Research Editor: Michael O’Reilly
We reiterate NTR, the largest fertilizer producer in the world, as a TOP PICK. Global agriculture demand growth will aid this company. Recent reported earnings support a 31% ROE and the company trades at 8x earnings and 1.5x book value. We like that it is growing cash reserves while buying back shares. We recommend trailing up the stop (from $90) to $95, looking to achieve $129 — upside potential of 18%. Yield 1.7%
(Analysts’ price target is $128.96)
Agriculture
The Panic-Proof Portfolio (Stockchase Research)
$108.670