Goldman Sachs Downgrades Nutrien to Neutral, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has downgraded Nutrien (NYSE:NTR) from Buy to Neutral and reduced its price target from $69 to $53.
September 10, 2024 | 1:20 pm
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Goldman Sachs analyst Adam Samuelson downgraded Nutrien from Buy to Neutral and lowered the price target from $69 to $53, indicating a less optimistic outlook on the stock.
The downgrade from Buy to Neutral by a major financial institution like Goldman Sachs, along with a significant reduction in the price target, suggests a less favorable view on Nutrien's short-term performance. This is likely to negatively impact the stock price as investors may adjust their positions based on this new information.
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