© Reuters. Key Takeaways From Nutrien’s (NTR) Analyst Day From Mizuho Securities
Christopher Parkinson from Mizuho Securities supplied firm commentary on Nutrien Ltd. (NYSE:) following its two-day analyst occasion.
The brokerage shared the next 4 key highlights from the occasion:
(1) The corporate introduced plans to ramp its annual manufacturing to 18mmt (vs. present 2022 exit charge of ~15mmt) by 2025.
(2) There are a number of updates to long-term EBITDA potential, together with a $9.2 billion mid-cycle state of affairs.
(3) A constructing deal with low-CO2 NH3 services – these efforts look like the nucleus of ESG targets.
(4) Ample free money movement optionality, even after contemplating share buy-backs, dividend will increase and development initiatives.
The brokerage reiterated its Impartial ranking and $128 value goal on the corporate’s shares.
By Davit Kirakosyan
