CF Industries price target lowered to $105 from $115 at BMO Capital

BMO Capital analyst Joel Jackson lowered the firm’s price target on CF Industries to $105 from $115 after its Q1 earnings miss but keeps an Outperform rating on the shares. It seems that some higher-cost gas that the company hedged across the winter will still bleed into Q2 costs, though the stock is still expected to re-rate higher for those investors willing to stomach the volatility amid a robust ag setup, the analyst tells investors in a research note.