Top Analysts Upgrade CF Industries Holdings and CACI International

CF Industries Holdings has been upgraded to Overweight by Barclays analyst Benjamin Theurer, with a price target boost from $95 to $100. The analyst cited the company's strong fundamentals and potential for growth in the nitrogen fertilizer market. This upgrade comes after a string of upgrades from other analysts, including Goldman Sachs and JPMorgan.

CF Industries Holdings, Inc. (NYSE: CF) has been upgraded to Overweight by Barclays analyst Benjamin Theurer, with a price target boosted from $95 to $100. The upgrade is based on the company's strong fundamentals and potential for growth in the nitrogen fertilizer market. This comes after a series of upgrades from other analysts, including Goldman Sachs and JPMorgan.

Theurer cited favorable market fundamentals, the start-up of low-carbon ammonia production, and continued share buybacks as key drivers for the upgrade. The 2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast was raised by nearly 10%, and the price target was lifted to $100 from $95 [1].

Additionally, Theurer expects mid-single-digit seed price growth in Latin America and ongoing innovation in crop protection to boost profitability for Corteva (NYSE: CTVA), another company upgraded by Barclays. The price target for Corteva was raised to $84 from $75 [1].

Wells Fargo also raised its price target on CF Industries to $108, maintaining an Overweight rating. The new target is based on a 2026 estimated enterprise value (EV)/EBITDA multiple of 7.5x, which sits at the low end of CF Industries’ 10-year historical average multiple range of 7.0-10.0x [2].

CF Industries reported its second-quarter financial results, revealing a mixed performance. Earnings per share were $2.37, which fell short of the analyst consensus of $2.40. However, revenue exceeded expectations, reaching $1.89 billion, a 20% increase from the previous year [2].

In other news, CF Industries marked a major step in its low-carbon transition by launching a new CO₂ dehydration and compression unit at its Donaldsonville Complex. This facility, developed in collaboration with ExxonMobil, is designed to capture and permanently store up to 2 million metric tons of carbon dioxide annually [3].

References:
[1] https://seekingalpha.com/news/4484884-barclays-upgrades-cf-industries-corteva-on-strong-results-latam-growth-potential
[2] https://www.investing.com/news/analyst-ratings/cf-industries-stock-price-target-raised-to-108-by-wells-fargo-93CH-4182143
[3] https://finance.yahoo.com/news/cf-industries-nyse-cf-launches-163453894.html