CF Industries upgraded to Neutral at BofA after post-earnings selloff

As previously reported, BofA upgraded CF Industries (CF) to Neutral from Underperform with an unchanged price target of $84. Following the post-earnings selloff in shares, the firm views the stock as “reasonably priced” and sees a more balanced risk/reward, the analyst tells investors. Nitrogen markets have considerably tightened over the past few months with U.S. prices moving up, more than offsetting natural gas price increases, the analyst added.