CF Industries price target lowered to $110 from $125 at RBC Capital

RBC Capital analyst Andrew Wong lowered the firm’s price target on CF Industries to $110 from $125 but keeps an Outperform rating on the shares. Nitrogen’s slow start to the year is "well understood and largely priced into shares", and there’s potential upside for the company through the second half of the year after the typical summer seasonal slowdown, the analyst tells investors in a research note. CF Industries should also benefit from low U.S. natural gas costs, while the company’s solid cash generation also supports growth and buyback plans, the firm added.