Nutrien Facing Favorable Setup Into 2027, RBC Says

11:48 AM EST, 11/09/2026 (MT Newswires) -- Nutrien (NTR) is facing a favorable setup into 2027, potentially generating excess cash flow the same year, RBC Capital Markets said in a Sunday note. Market fundamentals for the company's nitrogen segment should remain positive in the coming months as demand remains healthy against restricted supply, the brokerage said. Nutrien's potash operations also remain steady, with low cost production that could ramp up should the market improve in 2027, RBC added. While Nutrien's retail segment growth slowed in 2026, RBC noted that demand could rebound in 2027. Nutrien's management also maintained the segment's long-term target of a mid-single digit compound annual growth rate, according to the note. RBC estimates $2.7 billion in 2027 free cash flow and $2.5 billion in 2028. RBC has an outperform rating and $85 price target on Nutrien. Price: 72.51, Change: +1.03, Percent Change: +1.44