Barclays raised the firm’s price target on CF Industries (CF) to $145 from $130 and keeps an Overweight rating on the shares. The firm continues to expect strength in the nitrogen segment due to the Iran conflict. Barclays upped its estimates for both CF and Nutrien, citing prolonged uncertainty surrounding the Iran war, coupled with an expected longer-lasting disruption to natural gas supply and its implications for ammonia production.
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