Gabelli Has Buy on CF Industries After Earnings

Gabelli & Co. is out with a research report on CF Industries

and it has a Buy rating on shares. In a note to clients, Gabelli & Co. writes, "The decrease in Ukraine cost is more of a positive for state-owned OPZ than a negative for North American nitrogen producers. Additionally, CF sells almost all of its nitrogen products to the US market which is expected to have strong 2012 demand driven by corn prices not supply restraints or price competition" Shares of CF closed at $148.19 yesterday.