The Globe and Mail reports in its Friday, Feb. 23, edition that RBC Dominion Securities analyst Andrew Wong has reaffirmed his "outperform" recommendation for Nutrien. The Globe's David Leeder writes in the Eye On Equities column that Mr. Wong gave his share target a $5 trim to $70 (all figures U.S.). Analysts on average target the shares at $68.81. Mr. Wong says in a note: "Global potash markets have started the year mixed, with North America continuing strong trends from Q4 while international markets continued to soften, but we think there is limited downside from here given marginal cost support for international prices and favourable affordability. For 2024, we trim our realized prices to $245 per ton, from $271 per ton, to reflect a soft start to the year, but we maintain our sales volume forecast of 13Mt, relatively flat vs. 2023 volumes. Longer-term, we continue to see the potash market as balanced, with new supply paced by steady demand growth. We continue to see a favourable nitrogen dynamic for North American producers that benefit from low-cost U.S. natural gas while global prices remain supported by marginal cost based on still-high European natural gas prices."