Wolfe Research initiated coverage of CF Industries with an Outperform rating and $99 price target as part of a broader research note on Chemicals, Agriculture and Packaging names. The company is the best operator within the global nitrogen industry with top-tier free cash flow profile of any global fertilizer, the analyst tells investors in a research note. CF also has the highest degree of market optionality with access to capital and diverse asset base, Wolfe added.
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