JP Morgan Downgrades Nutrien to Neutral, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekauskas has downgraded Nutrien (NYSE:NTR) from Overweight to Neutral and lowered the price target from $70 to $58.
November 06, 2023 | 10:50 am
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NEGATIVE IMPACT
Nutrien's stock rating has been downgraded by JP Morgan from Overweight to Neutral, with a lowered price target of $58.
The downgrade of Nutrien's stock rating by JP Morgan from Overweight to Neutral indicates a less optimistic outlook for the company's stock. The lowering of the price target from $70 to $58 also suggests that the analyst expects the stock price to underperform in the short term. This could potentially lead to a decrease in Nutrien's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100