0950 GMT - Yara International's timing of major investment decisions inspires caution, Jefferies analysts say in a note. The fertilizer maker is targeting a final investment decision in the first half of 2026, but delays are increasingly possible due to rising project costs and policy uncertainty, the analysts say. Nevertheless, no material change is seen for Yara's broader medium-term growth and value-creation strategy, they add. The company remains one of the highest-quality nitrogen fertilizer producers globally, with a strong investment case supported by its diversified production network, Jefferies says. While fundamentals weaken, Yara remains strategically well positioned, they say. The analysts cut their recommendation on the stock to hold from buy and their price target to 470 Norwegian kroner from 610 kroner. Shares trade 1.6% lower at 426 kroner. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

June 23, 2026 05:51 ET (09:51 GMT)

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