11:02 AM EDT, 10/02/2024 (MT Newswires) -- Fertilizer prices continued to be mixed through the third quarter while agriculture fundamentals were soft, RBC Capital Markets said in a Tuesday note.

RBC said Nutrien ( NTR ) is among its preferred companies in the sector with potential earnings upside.

RBC expects Nutrien's ( NTR ) third-quarter results to be slightly below consensus as strong potash volumes and better nitrogen performance only partially offset weaker retail segment results.

"We see shares and fundamentals as likely bottomed and presenting attractive upside/ downside while the company still generates solid cash flows for buybacks at depressed valuations, and would be buyers on weakness," RBC said.

Price: 67.27, Change: +0.77, Percent Change: +1.16