Dahlman Rose Downgrades CF Industries (CF) to Hold; Potential Record Harvest Erodes Fundamentals

Dahlman Rose downgraded CF Industries (NYSE: CF) from Buy to Hold.

Dahlman analyst said, "We are lowering our rating on CF Industries to a Hold as shares have approached our fair value estimate of $180/share. We are concerned longer term on the underlying ag fundamentals, as we believe record corn planting and a strong harvest will pressure corn pricing and ultimately nitrogen margins. We are initiating our 2012 earnings estimate of $19.24/share but believe 2H12 earnings are likely to be significantly under current consensus estimates."

For an analyst ratings summary and ratings history on CF Industries click here. For more ratings news on CF Industries click here.

Shares of CF Industries closed at $179.59 yesterday.

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