Agricultural chemical business NUF was whacked -8.6% yesterday to head the losers board for the main index, weakness followed the release of its half-year results. Another classic case of an ok result not being good enough in today’s fickle and nervous market i.e. EBITDA came in up 41% a $330mn, smack in the middle of the company’s $320mn-$340mn guidance. With food prices set to remain elevated over the coming years, we like NUF into pullbacks
MM likes NUF around $6
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