Citi Upgrades CF, Adds to 'Top Picks Live' List; Removes Potash from List; Downgrades Mosaic (CF) (POT) (MOS)

Shares of CF Industries (NYSE: CF) are getting a boost Wednesday morning as Citi's PJ Juvekar upgraded the stock from Neutral to Buy and also added CF to the firm's "Top Picks Live" list. Shares last traded at $156 even, up 1.4 percent from Tuesday's close.

Juvekar removed shares of Potash (NYSE: POT) from Citi's "Top Picks" list in order to make room for CF. Potash shares are down about 0.5 percent to $43.50 in pre-open action this morning.

Given a slowdown in the sale of fertilizers recently, Juvekar now is more attracted to company's with nitrogen exposure.

Elsewhere in the Ag sector, Juvekar downgraded shares of Mosaic (NYSE: MOS) from Buy to Neutral. The analyst pointed to phosphate margins which could potentially be negatively impacted by stronger imports of more expensive phosphate rock. Mosaic shares are down about 1 percent at last check. The company will report second-quarter earnings Wednesday after the market closes.

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