What exactly did the Scotiabank NTR analyst rating change on February 2, 2026?

Scotiabank maintained the **Sector Perform** rating for Nutrien Ltd. on February 2, 2026 and raised its price target to **$70** from **$63**, as reported by TheFly. The firm kept the neutral stance while improving valuation assumptions.

How should investors interpret a maintained Sector Perform in the NTR analyst rating?

A maintained **Sector Perform** in the NTR analyst rating indicates expected in-line performance with peers. It suggests limited upside compared to Buy ratings, so investors may emphasize dividends, risk controls, or wait for clearer catalysts.

Does the NTR analyst rating include a specific price target change and what does it mean?

Yes. Scotiabank raised the price target to **$70** from **$63**. The change tightens the stock’s implied upside under the NTR analyst rating, reflecting stronger commodity assumptions but unchanged conviction.

What short-term market effects followed the NTR analyst rating update?

The note coincided with a reported short-term price change of **-0.69% ($-0.48)**. Under the NTR analyst rating update, neutral maintenance with a higher target often nudges near-term flows but rarely triggers major trend reversals for large-cap names.

Analyst Ratings

Scotiabank Maintains Sector Perform for Nutrien Ltd. (NTR) Feb 2026, PT $70

ByHuzaifa Zahoor February 3, 2026February 3, 2026

NTR analyst rating: Scotiabank on February 2, 2026 maintained Nutrien Ltd. at Sector Perform while raising the price target to $70 from $63. The firm left the rating unchanged but signaled modestly improved valuation underpinned by higher starting prices in key fertilizer markets. Scotiabank’s note was published at 10:33 AM and the move coincided with a reported intraday price change of -0.69% ($-0.48). This update matters because it adjusts expected upside without increasing conviction, giving investors a clearer risk-reward view for NTR analyst rating decisions.