Barclays upgraded CF Industries to Overweight from Equal Weight with a price target of $90, up from $80. The firm cites the stock’s “superior total return potential” relative to peers for the upgrade. The analyst highlights CF’s notion to complete $1.9B in share buybacks by the end of 2025 and says its current investment in low carbon assets should set it up well for when demand for sustainable supply chains, focus on ESG reporting, and further possible government tax credits come into play. The shares have a relatively low valuation compared to most recent transactions and projects in the industry, the analyst tells investors in a research note.
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