BUZZ-Piper Sandler cuts PT on agri-chemical companies amid tariff uncertainty

Reuters
03-27
BUZZ-Piper Sandler cuts PT on agri-chemical companies amid tariff uncertainty

** Piper Sandler reduces PT on agricultural commodities traders to reflect market uncertainty tied to potential tariffs and trade retaliation

** Brokerage says key risk is largely macro related and would be tied to the possibility of retaliatory tariff on U.S. agricultural products, especially from China

** Adds that another risk would be large corn and soybean crop in U.S. and/or Brazil, which would reduce grain prices and fertilizer affordability

** Expects sizable gain in U.S. corn planting in near-term to between 93 mln and 95 mln acres, increase of between 2.5% and 10.5% on prior planting level

** "This would clearly imply a substantive increase in nutrient demand, especially for nitrogen products like ammonia, urea," brokerage says

Brokerage cuts price target on the following firms:

Company

New PT

Old PT

Upside/downside to stock's last close

CF Industries CF.N

$110

$115

43.5%

Mosaic MOS.N

$30

$33

10.6%

LSB Industries LXU.N

$10

$12.25

46.4%

Nutrien NTR.TO

$60

$63

16.8%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10