CF Industries price target raised to $100 from $98 at BofA

BofA raised the firm’s price target on CF Industries to $100 from $98 and keeps a Buy rating on the shares. The firm sees several signs that petrochemical fundamentals are “near the bottom,” but notes that while the firm’s petrochemical sentiment index bottomed in July it has not yet flipped to a bullish outlook. In that context, the “challenge will be striking a balance between buying trough earnings and weathering poor” Q3 results, the analyst tells investors.