Key Takeaways From Nutrien’s Analyst Day From Mizuho Securities By Investing.com

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© Reuters. Key Takeaways From Nutrien’s (NTR) Analyst Day From Mizuho Securities

Christopher Parkinson from Mizuho Securities provided company commentary on Nutrien Ltd. (NYSE:) following its two-day analyst event.

The brokerage shared the following four key highlights from the event:

(1) The company announced plans to ramp its annual production to 18mmt (vs. current 2022 exit rate of ~15mmt) by 2025.

(2) There are several updates to long-term EBITDA potential, including a $9.2 billion mid-cycle scenario.

(3) A building focus on low-CO2 NH3 facilities – these efforts appear to be the nucleus of ESG targets.

(4) Ample free cash flow optionality, even after considering share buy-backs, dividend increases and growth initiatives.

The brokerage reiterated its Neutral rating and $128 price target on the company’s shares.

By Davit Kirakosyan



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