CF Industries price target lowered to $86 from $90 at Scotiabank

Scotiabank lowered the firm’s price target on CF Industries to $86 from $90 and keeps a Sector Perform rating on the shares post the Q4 report. The firm continues to recommend a long CF position through the spring buying season. U.S. remains short urea for the spring and India may announce a urea tender soon, the analyst tells investors in a research note.