Gabelli Looks for Upside in Shares of CF Industries (CF)
Following the company's positive Q3 earnings report, Gabelli maintained a Buy rating on CF Industries (NYSE: CF) with a 2013 price target of $321.00.
"We believe CF will continue to benefit from anticipated increases to 2013 corn planted acre expectation, strong global demand, tight domestic nitrogen supply and historically low natural gas costs," said analyst Amon R. Wilkes.
Gabelli raised 2012 EPS estimates to $27.75 and 2013 EPS to $27.95.
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 $205.48 yesterday, with a 52 week range of $128.03-$227.99.
"We believe CF will continue to benefit from anticipated increases to 2013 corn planted acre expectation, strong global demand, tight domestic nitrogen supply and historically low natural gas costs," said analyst Amon R. Wilkes.
Gabelli raised 2012 EPS estimates to $27.75 and 2013 EPS to $27.95.
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 $205.48 yesterday, with a 52 week range of $128.03-$227.99.