Market Overview

UPDATE: Credit Suisse Initiates Coverage on Rentech Nitrogen Partners LP on Lack of Positive Pricing Momentum

Related RNF
UPDATE: Credit Suisse Reiterates On Rentech Nitrogen Partners LP On Model Revisions
Fast Money Picks For December 12: Costco, Rentech Nitrogen, Spirit Airlines, NXP Semiconductors

In a report published Tuesday, Credit Suisse analyst Christopher S. Parkinson initiated coverage on Rentech Nitrogen Partners LP (NYSE: RNF) with a Neutral rating and $27.00 price target.

In the report, Credit Suisse noted, “We are initiating coverage on RNF with a neutral rating and a $27 target price. The key reason for our Neutral rating is a lack of positive nitrogen pricing momentum. We believe urea and UAN prices are bottoming. Three catalysts we prefer to wait for before becoming more constructive on the name include: (1) greater visibility on incremental growth initiatives, (2) evidence of sustainable pricing momentum, and (3) the potential for additional accretive M&A activity.”

Rentech Nitrogen Partners LP closed on Monday at $24.52.

Latest Ratings for RNF

Jan 2015Credit SuisseMaintainsNeutral
Nov 2014Imperial CapitalMaintainsOutperform
Sep 2014Cowen & CompanyMaintainsMarket Perform

View More Analyst Ratings for RNF
View the Latest Analyst Ratings

Posted-In: Christopher S. Parkinson Credit SuisseAnalyst Color Initiation Analyst Ratings


Related Articles (RNF)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content