Analyst Vincent Andrews of Morgan Stanley maintained a Hold rating on Cf Industries Holdings (CF – Research Report), reducing the price target to $80.00.
Vincent Andrews has given his Hold rating due to a combination of factors influencing CF Industries Holdings. The updated estimates for the company reflect adjustments in earnings and EBITDA forecasts, with a notable decrease in the expected earnings per share for 2025. This revision is influenced by marked-to-market commodity prices and updated pricing forecasts, which have been slightly adjusted for key products like ammonia and urea.
Additionally, the company’s capital expenditure plans, particularly the investment in the blue ammonia project, have impacted cash flow forecasts. This has led to a reduction in share repurchase estimates for the coming years. Furthermore, geopolitical factors and market conditions, such as tariffs and supply challenges, are expected to create volatility, affecting the company’s financial outlook. These elements combined suggest a balanced risk-reward scenario, supporting the Hold rating.
In another report released on April 9, Scotiabank also upgraded the stock to a Hold with a $81.00 price target.