Analysts Upgrade Nutrien on Potash and Nitrogen Strength

Nutrien Ltd. (NYSE:NTR) ranks among the most profitable Canadian Stocks to buy now. On March 13, Jefferies upgraded Nutrien Ltd. (NYSE:NTR) to Buy from Hold, raising its price target to $96 from $74. The revised price objective is 7.5x 2027 estimated EBITDA, compared to a five-year average of 6.6x. Jefferies expects $7.0 billion in EBITDA in 2026 and $7.3 billion the following year.

In addition, on February 20, BMO Capital boosted Nutrien Ltd. (NYSE:NTR)’s price target to $85 from $75, retaining an Outperform rating on the company’s stock. The firm used a valuation multiple at the low end of the previous 8-9x EBITDA range for its 2026 EBITDA forecast of roughly $6.2 billion.

Given the strength of the potash and nitrogen markets, the firm stated that it feels more comfortable using historical multiples. BMO Capital claimed that any rebound in weak broader agricultural trends would bring more upside to the stock.

Nutrien Ltd. (NYSE:NTR) operates as a global provider of crop inputs and agricultural services. The company operates a large network of production, distribution, and retail facilities across its Nutrien Ag Solutions, Potash, Nitrogen, and Phosphate segments.

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