Information Provided By:
Fly News Breaks for February 28, 2020
Feb 28, 2020 | 11:11 EDT
Credit Suisse analyst Christopher Parkinson upgraded CF Industries to Outperform from Neutral with a $42 price target. In a research note to investors, Parkinson says he has long viewed CF as a best-in-class asset base with a top-tier sales & marketing organization, but has remained on the sidelines, but says he believes the risk/reward now skews favorably to the upside, especially as natural gas is trending below his 1H estimates. He believes investors' focus on North America, high quality, cash generative businesses will lead many to gravitate to the story, unless one really retains a "doomsday" view of coronavirus as it pertains to coarse grain crop planting in the U.S.