CIBC Opens Coverage on CF Industries (CF) With a Neutral Stance

On December 2, CIBC expert Hamir Patel initiated sum connected CF Industries Holdings, Inc. (NYSE:CF) with a Neutral standing and an $87 terms target.

The institution is investing heavy successful decarbonizing accumulation by processing low-carbon ammonia. These aspects person already helped it to summation a precise precocious complaint of instrumentality for shareholders. The company’s trailing twelve-month operating currency travel came successful astatine $2.63 billion, with escaped currency travel amounting to $1.7 cardinal for the period. During the 3rd quarter, CF Industries repurchased 4.3 cardinal shares worthy $364 cardinal and besides announced the completion of $3 cardinal stock repurchase programme authorized successful 2022.

For the archetypal 9 months of the fiscal year, CF Industries Holdings, Inc. (NYSE:CF) reported its gross ammonia accumulation of 7.6 cardinal tons, compared with 7.2 cardinal tons successful the aforesaid play past year. For FY25, the institution expects gross ammonia accumulation to beryllium astir 10 cardinal tons.

CF Industries Holdings, Inc. (NYSE:CF) is simply a shaper and distributor of hydrogen and nitrogen products for cleanable energy, fertilizers, and different concern applications.

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