Berenberg Downgrades Nutrien (NTR) to Hold – Here’s Why

Nutrien Ltd. (NYSE:NTR) is one of the top cheap growth stocks to get rich. Berenberg downgraded Nutrien Ltd. (NYSE:NTR) to Hold from Buy on June 10 and adjusted the price target on the stock to $65, up from $61. It told investors in a research note that the company is likely to deliver another year of solid earnings, supported by elevated fertilizer prices and a recovered retail business. However, it also added that the firm is concerned the consensus estimates “will continue to anchor on earnings levels that remain above mid-cycle.”

TD Securities and Scotiabank Take Different Views on Nutrien (NTR) after Q1 Results

Berenberg contended that the debate is no longer whether fertilizer earnings will normalize, but rather where normalized earnings will ultimately settle. The firm stated that it sees an 8% downside to 2028 consensus EBITDA estimates on lower nitrogen and potash price assumptions.

Nutrien Ltd. (NYSE:NTR) also received a rating update from Scotiabank on May 11. The firm raised the price target on the stock to $80 from $75 and reiterated a Sector Perform rating on the shares, stating that it is warming up to the company despite the downside risk to N prices near-term, as well as regional challenges to grower economics.

Nutrien Ltd. (NYSE:NTR) is a crop nutrient company involved in the production and distribution of products for agricultural, industrial, and feed customers. Its operations are divided into the following segments: Retail, Potash, Nitrogen, and Phosphate.

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