1442 ET - Nutrien continues to execute well, with tailwinds in agriculture and fertilizer fundamentals. RBC's Andrew Wong says in a report that stronger crop prices, steady potash fundamentals and higher nitrogen prices should drive Ebitda growth in 2027. Management itself is saying that market conditions have strengthened, as seen in elevated corn prices due to lower yields in the U.S. and higher wheat prices as Russia-Ukraine conflict re-escalates. Because of this, he expects higher revisions on the company's estimates "that currently call for lower EBITDA into 2027." Long-term, Wong sees potential for further improvements in costs and cash conversion on the business side of things as well.
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