CF Industries Holdings Upgraded to Outperform at RBC Capital
<p>RBC Capital analysts upgraded <a href='https://financialmodelingprep.com/financial-summary/CF'>CF Industries Holdings, Inc. (NYSE:CF)</a> to Outperform from Sector Perform and raised their price target to $135 from $110, noting they expect the company to benefit from a favorable nitrogen market outlook and attractive US/International Market energy spreads, that are likely to persist long-term. </p>
<p>The analysts also believe the company has demonstrated a track record of strong operations and execution, and see potential upward Street estimate revisions and strong cash flow ($4.2 billion, 21% yield in 2023 and $2.8 billion, 14% yield in 2024) driving share price upside. </p>
<p>In the near term, the analysts see the potential for significant upward estimate revisions as the Street appears to be discounting very conservative nitrogen price forecasts.</p>

NYSE:CF