Stifel analyst Vincent Anderson lowered the firm’s price target on CF Industries to $74 from $76 and keeps a Hold rating on the shares after updating Q2 estimates for observed pricing in the quarter and adjusting its 2023 and 2024 estimates. The firm has lowered its potash and phosphate price forecasts through 2024 as a result of greater clarity in potash pricing following the signing of a Chinese contract and lower raw material costs, along with greater exports of phosphates from China that is expected to pressure phosphate prices.
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