CF Industries price target raised to $95 from $85 at RBC Capital

RBC Capital raised the firm’s price target on CF Industries to $95 from $85 and keeps an Outperform rating on the shares after its Q2 earnings beat. The firm remains impressed with strong execution by the company across the board, with production rebounding back to full operating rates, opportunistic and timely share repurchases, and continued progress of clean ammonia initiatives. RBC adds that it is also constructive on long-term nitrogen market dynamics, especially for North American producers with access to low-cost natural gas.