** Brokerage Piper Sandler says recent World Agricultural Supply and Demand Estimates (WASDE) report from the U.S. Department of Agriculture (USDA) produced a constructive data for the agricultural sector going into 2025

** Brokerage adds the significant shift in its agricultural outlook is driven by substantial adjustment to the estimates for the recently harvested crops, especially corn and soybeans

** Brokerage expects reasonable upside value over the next 12 months for agri companies

** "Due to the seasonal nature of agriculture, with significant price and volume activity in the first half of the year, much of the potential share movement could take place between now and June or July" - Piper Sandler

** Brokerage upgrades CF Industries , Nutrien , LSB Industries to "overweight" from "underweight"; Mosaic to "neutral" from "underweight"

Brokerage raises price target on the following firms:

Company New PT Old PT Upside to

stock's

last close

CF Industries $105 $79 18.3%

Nutrien $58 $50 19.7%

Mosaic $30 $26 20.8%

LSB Industries $11 $9 47.8%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))