CF Industries price target raised to $100 from $90 at RBC Capital

RBC Capital analyst Andrew Wong raised the firm’s price target on CF Industries (CF) to $100 from $90 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q2 results among Fertilizer names. Fertilizer prices performed better than expected through Q2: nitrogen on geopolitical turmoil resulting in supply outages and higher international natural gas prices, phosphate on continued supply tightness, and potash on continued strong demand, the analyst tells investors in a research note. Fertilizer equities continue to be a good defensive materials sector against broader market volatility, with limited tariff impacts, generally benefiting from geopolitical uncertainties, and likely seeing better than expected prices through the seasonal mid-year lull, RBC adds.