Goldman Sachs Resumes Coverage on CF Industries at “Sell” (CF)

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On Wednesday analysts at Goldman Sachs resumed coveraged on fertilizer manufacturer CF Industries Holdings, Inc. ( CF ) with a "Sell" rating as they believe its nitrogen boom has peaked.

The analysts give CF a "Sell" rating with a price target of $204. The new target is a -6% downside from Tuesday's closing price of $217.22.

An analyst at Goldman Sachs commented, "We believe that the transformational impact of shale gas for North American Nitrogen producers is now well understood and that 2012 marked a peak for CF fundamentals. We see 14% downside to 2013 consensus EPS from a combination of lower ammonia/urea prices and higher natural gas costs."

CF Industries shares were down $1.63, or -0.75%, in premarket trading on Wednesday.

The Bottom Line
Shares of CF Industries ( CF ) have a .74% dividend yield, based on last night's closing stock price of $217.22. The stock has technical support in the $195-$200 price area. The stock is trading near the all-time highs of $224-$225 a share.

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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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