SB1 Markets repeats its Neutral rating on fertilizer producer Yara and cuts the price target to NOK 450.
Ahead of the third quarter, the bank’s forecast for adjusted EBITDA is USD 752 million, 6 percent below consensus. SB1 expects Chinese exports and weaker Indian imports to put pressure on prices.
In the medium term, increased capacity is expected to limit profitability, and earnings per share are estimated to decline from USD 5.60 in 2026 to USD 4.20 in 2028.
