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• CF 86% Rate It

Fertilizer maker CF Industries Holdings, Inc. ( CF ) on Wednesday caught a big downgrade from analysts at Dahlman Rose.

The firm said it lowered its rating on CF from "Hold" to "Sell" and cut its price target to $155, suggesting a 15% downside to the stock's Tuesday closing price of $182.90.

A Dahlman Rose analyst commented, "In our view, the potential for an exceptional corn crop under a variety of acreage and yield scenarios, counters almost all of the bullish theses for fertilizer shares…We believe that the WASDE report will be a catalyst for a reassessment of fertilizer shares. The forecast of a large carryout could prove to be very destructive for corn prices and, subsequently, fertilizer shares. We are struck by the range of scenarios with outcomes that could not only drive corn below $5/bushel, but even $4/bushel in the more bearish cases."

CF Industries shares plunged $8.52, or -4.7%, in morning trading Wednesday.

The Bottom Line
Shares of CF Industries ( CF ) have a .87% dividend yield, based on last night's closing stock price of $182.90. The stock has technical support in the $170-$172 price area. If the shares can firm up, we see overhead resistance around the $190-$200 price levels.

CF Industries Holdings, Inc. ( CF ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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