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Barclays Maintains an 'Equalweight' on CF Industries (CF); Continued Strength in Nitrogen Market

August 8, 2011 1:42 PM EDT
Get Alerts CF Hot Sheet
Price: $119.72 +1.65%

Rating Summary:
    15 Buy, 16 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 16 | New: 37
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Barclays maintains an 'Equalweight' on CF Industries (NYSE: CF) price target raised from $158 to $170.

Barclays analyst says, "CF reported Q2'11 headline earnings of $6.75/sh. After unusual/one-time items (loss on natural gas derivatives) we estimate operating
earnings of $6.87/sh versus our expectations of $5.94/sh and consensus of
$5.87/sh. The main difference from our expectation was higher than expected
realized nitrogen prices and lower than expected corporate costs...We have updated our model to reflect the continued strength in the North American nitrogen market along with Q2 financials and company guidance."

For more ratings news on CF Industries click here and for the rating history of CF Industries click here.

Shares of CF Industries closed at $146.66 yesterday.


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