Piper Sandler analyst Charles Neivert lowered the firm’s price target on CF Industries to $75 from $82 and keeps an Underweight rating on the shares. The firm cites its problematic macro-outlook for Ag and the damage to nutrient prices lower corn prices may bring later this year and into 2025. Although Piper expects volume to be higher in 2025 for all of the nitrogen products, part of this is the result of not having storm related operational issues as the company experienced in Q1 2024.
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