UPDATE: Feltl and Company Downgrades CF Industries from Strong Buy to Buy, Raises PT

Feltl and Company downgraded CF Industries (NYSE: CF) from Strong Buy to Buy and raised its company price target from $224.14 to $235.60 in a research report published Wednesday.

In the report, Feltl and Company stated, "Although we are encouraged by CF's exceptional performance we are worried that the natural gas tailwind the past two years may be playing out, setting CF up for difficult GPM comparisons. This implies to us that quarterly EPS comparisons will turn negative later in 2013."

Shares of CF Industries closed Tuesday at $206.07.