CF Industries Surges 2.13% as Wells Fargo Raises Target to $108 Despite 421st-Ranked $240M Volume

CF Industries (NYSE:CF) closed 2025-08-11 with a 2.13% gain, trading at $80.91. The stock’s trading volume dropped 47.86% to $240 million, ranking 421st in the market. Wells Fargo raised its price target for CF to $108 from $101, maintaining an Overweight rating. The upgrade follows the firm’s analysis of CF’s second-quarter performance, which was impacted by unplanned turnarounds and elevated SG&A costs. These challenges are expected to reverse in the second half of 2025, with third-quarter results partially offset by planned maintenance. Wells Fargo also highlighted CF’s delayed summer UAN inventory replenishment, which should enable higher pricing in Q3 aligned with spot market conditions.

The firm’s $108 target reflects a 2026 EV/EBITDA multiple of 7.5x, a 20% discount to its DCF valuation of $124. Current metrics show CF trading at an EV/EBITDA of 6.29x and a P/E of 10.63, with a 14% free cash flow yield. Analysts emphasized the company’s strong nitrogen fundamentals, global energy cost pressures, and clean energy project pipeline as upside catalysts. Shareholder returns remain a focus, with aggressive buybacks and a 2.47% dividend yield supporting long-term value creation.

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