In a report published Thursday, Bank of America analyst Kevin W. McCarthy reiterated a Buy rating on CF Industries Holdings CF, and raised the price target from $259.00 to $261.00.
In the report, Bank of America noted, “CF delivered solid 4Q results and has hedged the majority of its natural gas exposure on attractive terms through 1H14. News sent shares up 5%, net of an intraday correction of 3-4% as management revealed on the call that it is unlikely to pursue an MLP conversion, at least for existing nitrogen fertilizer assets.”
CF Industries Holdings closed on Wednesday at $237.62.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in