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Mizuho Securities Maintains Nutrien(NTR.US) With Hold Rating, Raises Target Price to $77
Analysts Offer Insights on Materials Companies: NioCorp Developments (NB), Amrize Ltd (AMRZ) and Nutrien (NTR)
Fertilizer crisis out of control? Goldman Sachs admits underestimation: Nitrogen fertilizers hit hardest, urea prices surge 70%.
A seven-week blockade of the Strait of Hormuz caused global urea prices to surge by 50%-70%. Goldman Sachs was compelled to admit its miscalculation, stating that the impact 'exceeded our initial expectations,' while simultaneously upgrading its earnings forecasts for the fertilizer sector across the board. The intensity of the nitrogen fertilizer supply crisis far surpassed expectations, with CF Industries and Nutrien emerging as the biggest beneficiaries. Sulfur prices soared to historical highs, prompting Mosaic to shut down mines to cut losses. The duration of the conflict remains the ultimate variable influencing the valuation of the entire sector.
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Shares of Fertilizer Companies Are Trading Lower Amid Optimism Surrounding the Middle East Conflict and Prospects for Increased Commodities Shipments via the Strait of Hormuz.
Express News | Shares of Fertilizer Companies Are Trading Lower Amid Optimism Surrounding the Middle East Conflict and Prospects for Increased Commodities Shipments via the Strait of Hormuz