LSB Industries price target lowered to $9 from $10 at RBC Capital

RBC Capital analyst Andrew Wong lowered the firm’s price target on LSB Industries (LXU) to $9 from $10 and keeps an Outperform rating on the shares after its Q4 results. The company continues to execute well, evidenced by improving nitrogen production, and the firm is positive on the management taking a measured and returns-based approach to clean ammonia investments, the analyst tells investors in a research note. LSB should also continue benefiting from favorable nitrogen dynamics for North American producers while also prudently shifting the company’s product mix to maximize margins, the firm adds.