J.P. Morgan raises PT for Nutrien, Mosaic on strength in potash, phosphate markets
ReutersMay 9, 2025 12:17 PM
J.P. Morgan raises price target on agri-chemical companies Nutrien NTR.TO and Mosaic MOS.N as potash and phosphate prices inch up
Says potash prices are rising in countries that do not have excess potash inventories and are yet to sign their annual contracts
"New contract signings are likely to keep markets from loosening" - J.P. Morgan
Brokerage says NTR and MOS are benefiting from tightness in the potash market
"Phosphate prices are also climbing because of curtailed phosphate exports from China and phosphate production disruptions in the U.S." - brokerage
Brokerage changes PT on the following companies:
Company | New PT | Old PT | Upside to stock's last close |
Nutrien NTR.TO | $56 | $50 | 2.3% |
Mosaic MOS.N | $35 | $29 | 8.5% |
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