Piper Sandler Downgrades Nutrien to Underweight, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Charles Neivert downgraded Nutrien (NYSE:NTR) from Neutral to Underweight and reduced the price target from $68 to $54, indicating a bearish outlook on the stock.
February 29, 2024 | 1:29 pm
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Nutrien downgraded from Neutral to Underweight by Piper Sandler, with a price target cut from $68 to $54.
The downgrade by Piper Sandler from Neutral to Underweight, accompanied by a significant reduction in the price target, suggests a bearish outlook on Nutrien. This is likely due to concerns about the company's future performance or market conditions that could negatively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100