Basic Materials Roundup: Market Talkthedigitalchaps

The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0444 GMT – Nufarm gets a new bull at Citi after delivering an annual report that the investment bank’s analysts say looks solid compared with global peers. Citi lifts its recommendation on the stock to buy from neutral amid what the analysts say is evidence of the crop-technology company’s ability to cushion the impact of headwinds through portfolio and geographic diversity. They write in a note that the Australian company’s peers have cited continued pressure from lower demand and last-minute ordering by customers. Citi lifts the stock’s target price 20% to A$5.60. Shares are down 3.5% at A$4.64. (stuart.condie@wsj.com)