tiprankstipranks
CF Industries price target lowered to $130 from $135 at RBC Capital
The Fly

CF Industries price target lowered to $130 from $135 at RBC Capital

RBC Capital analyst Andrew Wong lowered the firm’s price target on CF Industries to $130 from $135 but keeps an Outperform rating on the shares ahead of its Q4 results. The firm still sees the company as best-positioned within its favorable view on long-term nitrogen fundamentals as it continues to generate elevated free cash flow, the analyst tells investors in a research note. CF Industries shares may be held back in the near-term from downward consensus estimate revisions and short-term softness in nitrogen prices, but there is a potential buying opportunity post Q4 reporting as estimates and nitrogen price expectations re-base, RBC Capital added.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on CF:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles