CF Industries Shares Fall 1.33% as BofA Downgrade Weighs on 424th-Ranked Stock

CF Industries (CF) fell 1.33% on August 14, with a trading volume of $0.23 billion, a 34.12% decline from the previous day, ranking 424th in market activity. The stock faced renewed pressure after Bank of America Securities downgraded its rating to 'Underperform', citing oversupply risks in the nitrogen fertilizer sector. Analyst Matthew DeYoe highlighted projects like NEOM and potential increases in Chinese urea exports as key factors expected to suppress prices over the next few years.

Despite the downgrade, CF maintains a 'Hold' consensus among 20 brokerage firms, reflecting mixed sentiment. The average price target from 17 analysts stands at $96.01, implying a 13.35% upside from current levels. GuruFocus estimates a GF Value of $87.98, suggesting a modest 3.87% growth potential based on historical multiples and projected business performance.

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