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Fly News Breaks for September 18, 2019
Sep 18, 2019 | 05:43 EDT
Citi analyst P.J. Juvekar lowered his estimates for the fertilizer names while maintaining Buy ratings on CF Industries (CF), Mosaic (MOS) and Nutrien (NTR). The analyst, who reduced his 2019 earnings estimates by ~15% and 2020 earnings estimates by ~6%, remains at the low end of Street estimates for 2019. The third quarter is proving to be tough in fertilizers, especially phosphates, Juvekar tells investors in a research note. He lowered his price target for CF to $57 from $59 while keeping a $27 price target on Mosaic and $61 target on Nutrien.