0823 ET - RBC Capital Markets remains bullish on Nutrien, arguing the negative share-price reaction to the fertilizer producer's 1Q earnings miss was misguided. Analyst Andrew Wong says Nutrien remains a solid defensive name in agriculture, with strong fundamentals amid broader macroeconomic and trade uncertainty. Added to that, Wong says the company's retail segment is on track to achieve its 2026 Ebitda target, with strong North American farm activity likely to drive solid 1H sales. RBC affirms an outperform call and raises its target to C$65 from C$60.(robb.stewart@wsj.com)
(END) Dow Jones Newswires
May 12, 2025 08:23 ET (12:23 GMT)
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