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Fly News Breaks for November 2, 2018
CF
Nov 2, 2018 | 07:43 EDT
Citi analyst P.J. Juvekar upgraded CF Industries to Buy from Neutral and raised his price target for the shares to $60 from $56. With the over 10% pullback in shares over the past few weeks, and "all signs pointing to a strong spring" for U.S. urea fundamentals, CF Industries is attractive, Juvekar tells investors in a research note. CF is calling for U.S. Gulf urea price range of $260-$310/ton in 2019, which the analyst views as conservative.
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