Goldman Sachs Upgrades CF Industries (CF) to Conviction Buy, Sees 27% Upside

Goldman Sachs upgraded CF Industries (NYSE: CF) to Conviction Buy with a price target of $225, suggesting 27% upside, saying the nitrogen story looks stronger.

Fundamentals for Domestic nitrogen look attractive due to solid demand growth driven by crop acreage gains, the shifts in China and India which will tighten the N supply-demand balance and lower natural gas costs.

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 $177.06 yesterday.

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