12:55 AM EDT, 08/08/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by CAD6 to CAD69, 5.9x our 2026 EBITDA estimate of USD5.8B, below its three-year average forward EV/EBITDA of 6.4x. We increase our 2025 EPS view by USD0.89 to USD4.61 and 2026's by USD0.30 to USD4.14. Following very poor Q1 results, NTR showed solid Q2 improvement, leaving H1 2025 essentially flat vs. the prior year. Despite a relatively positive outlook on global fertilizer markets supported by tight supply-demand fundamentals, we are concerned that high interest rates and elevated input costs will continue to squeeze farmers' margins. In the U.S., we see immigration enforcement as a critical labor risk, as a significant reduction in the available workforce could threaten harvests, particularly in labor-intensive fruit and vegetable sectors, leading to severe financial distress for producers. In our view, this strain on farm economics would reduce farmers' purchasing power for the next planting season, likely leading to reduced spending on key inputs such as fertilizer.