Piper Sandler Maintains Underweight on Nutrien, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Charles Neivert maintains an Underweight rating on Nutrien (NYSE:NTR) and lowers the price target from $56 to $55.
June 11, 2024 | 5:18 pm
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Piper Sandler has maintained an Underweight rating on Nutrien and lowered the price target from $56 to $55, indicating a bearish outlook.
The Underweight rating and reduced price target suggest that the analyst expects Nutrien's stock to underperform. This could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100