Raymond James Downgrades Nutrien to Market Perform, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Steve Hansen has downgraded Nutrien (NYSE:NTR) from Outperform to Market Perform and reduced the price target from $80 to $65.
January 12, 2024 | 2:17 pm
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NEGATIVE IMPACT
Nutrien's stock rating was downgraded by Raymond James from Outperform to Market Perform, with a price target decrease from $80 to $65.
The downgrade by a prominent analyst like Steve Hansen from Raymond James is likely to negatively impact investor sentiment towards Nutrien in the short term. The reduction in the price target further suggests a bearish outlook on the stock, which could lead to a decrease in its market price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100