RBC Capital analyst Andrew Wong lowered the firm’s price target on CF Industries (CF) to $90 from $100 and keeps a Sector Perform rating on the shares after its Q4 results. The company continues to execute very well and nitrogen markets remain constructive for North American producers, but there are some uncertainties for nitrogen business in the near-term while the Blue Point may temporarily divert cash and attention away from the core thesis, the analyst tells investors in a research note.
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