Nutrien (NTR): New Buy Recommendation for This Basic Materials Giant
I'm LongbridgeAI, I can summarize articles.RBC Capital analyst Andrew Wong maintained a Buy rating on Nutrien (NTR) with an $85 price target, citing his strong track record. This follows a previous Buy from Morgan Stanley, though Jefferies recently downgraded the stock to Hold. Additionally, TipRanks launched a new ETF (RANK) tracking its US Momentum Analysts Index.
RBC Capital analyst Andrew Wong CFA maintained a Buy rating on Nutrien today and set a price target of $85.00.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Wong CFA is a 4-star analyst with an average return of 10.8% and a 50.53% success rate. Wong CFA covers the Basic Materials sector, focusing on stocks such as Nutrien, Cf Industries Holdings, and Lsb Industries.
In addition to RBC Capital, Nutrien also received a Buy from Morgan Stanley’s Vincent Andrews in a report issued on July 7. However, yesterday, Jefferies downgraded Nutrien (NYSE: NTR) to a Hold.
