After CF Industries disclosed that it reached an agreement to acquire the Waggaman, Louisiana ammonia plant from Australian Incitec Pivot for $1.675B, BofA analyst Steve Byrne said the firm believes that the asset "offers a good strategic fit" given its view that CF is "uniquely advantaged to maximize its value. In addition, the price paid "looks decent both on a per-ton and EV/EBITDA basis," said BofA, which has a Buy rating and $115 price target on CF shares.
Published first on TheFly
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- CF Industries to boost ammonia capacity with Waggaman deal, says BMO Capital
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- CF Industries price target lowered to $125 from $130 at RBC Capital
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