Barclays Maintains an 'Equalweight' on CF Industries (CF);

Barclays maintains an 'Equalweight' on CF Industries (NYSE: CF) price target rased from $174 to $186.

Barclays analyst says, "CF reported Q3/11 headline earnings of $4.73/sh. After unusual/one-time items (impairment charge and non-cash mark-to-market loss on natural gas derivatives) we estimate operating earnings of $5.16/sh inline with our expectation of $5.16/sh and consensus of $4.79/sh. The main difference from our expectation was higher than expected phosphate sales volumes and margins, partially mitigated by slightly lower than expected nitrogen sales volumes and margins."

Barclays raises FY11 EPS estimate from $21.91 to $22.54 and FY12 from $20.56 to $22.17.

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 $169.31 yesterday.

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