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Fly News Breaks for August 23, 2016
CF
Aug 23, 2016 | 05:12 EDT
UBS analyst John Roberts upgraded CF Industries to Buy and raised its price target to $28 from $22. The analyst expects CF to return to positive free cash flow in 2017 from reduced capex, nitrogen prices should stabilize as high cost capacity rationalizes, and believes the dividend is secure given coverage, whereas the market sees risk.
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