UPDATE: Bank of America Reiterates Buy Rating, Raises PT on CF Industries Holdings Following Solid 4Q Results

In a report published Thursday, Bank of America analyst Kevin W. McCarthy reiterated a Buy rating on

, 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.