CF Industries price target raised to $130 from $120 at Barclays

Barclays raised the firm’s price target on CF Industries (CF) to $130 from $120 and keeps an Overweight rating on the shares ahead of the Q1 report. The firm cites the company’s higher near-term free cash flow generation for the target boost. The Iran war continues to impact nitrogen and sulfur pricing, benefiting the former in Q2 and impacting phosphate margins from the latter due to higher freight costs, the analyst tells investors in a research note.