TSX:NTR - Post Discussion
Post by
retiredcf on Aug 14, 2023 12:22pm
Reason for Today's Decline
In a report on the North American agribusiness sector, Barclays’ Benjamin Theurer downgraded Nutrien Ltd. by two levels to “underweight” from “overweight” with a US$68 target, down from US$70. The average is US$74.73.
“Price-supporting events such as pipeline and gas curtailments should continue into 2H but so will deferred purchases, higher interest rates, and potash port issues. Valuations look full,” he said.
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