Rothschild & Co Redburn downgraded CF Industries (CF) to Sell from Neutral with a $72 price target The firm expects “normalizing” fertilizer prices to erode CF’s profitability. The company’s losses will not be offset by falling natural gas costs, the analyst tells investors in a research note. Rothschild believes the low-cost producers like CF are most adversely affected in a flattening cost-curve environment.
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