Logo of SABIC Agri-Nutrients Co.
SABIC Agri-Nutrients Co. is expected to post stronger net income this year, mainly during the second half, Al Rajhi Capital said in a report.
Urea prices have moved up significantly this month, reaching multi-year highs, due to multiple drivers that are likely to sustain in the medium term, including supply constraints.
Al Rajhi Capital upgraded its rating for the stock to "Overweight" from "Neutral", raising the stock target price to SAR 160 from SAR 115.
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