Nutrien Ltd. remains a Buy as market undervalues growth from LNG disruptions and rising fertilizer demand.

Nutrien Ltd. is considered undervalued with shares around $65 and a forward P/E of 12x, despite dual growth catalysts. The company benefits from structurally cheap North American gas supporting high nitrogen margins amid global LNG outages. Additionally, rising global food prices and pent-up fertilizer demand are expected to boost Nutrien's potash, phosphate, and retail segments. Management is focusing on reducing capital expenditures and prioritizing share buybacks, positioning Nutrien well for a cyclical agricultural upturn.