Dahlman Rose reported on Monday that they have upgraded fertilizer manufacturer CF Industries Holdings, Inc. (CF).

The firm has increased their rating on CF from “Hold” to “Buy,” and has given the company a $235 price target. This price target suggests just a 2% increase from the stock’s current price of $230.28.

A Dahlman Rose analyst commented, “…it seems as if it is a rite of Spring–we are raising our near-term outlook for the ag sector as well as some selected equities to reflect a combination of bullish news flow, better-than-expected price levels, and rebounds from earlier price erosion. We are upgrading our ag sector outlook to attractive, and upgrading the shares of Agrium (AGU), CF Industries (CF), and Rentech Nitrogen Partners (RNF) to Buy from Hold. We believe that despite the run some of the shares have made, there are still likely to be upside surprises benefiting the shares from USDA reports coming up and potentially weaker South American crop production data. We believe most of the benefit we see will be on the nitrogen products.”

CF Industries shares were up $1.72, or 0.75% during premarket trading Monday. The stock has increased 28% in the past year.

The Bottom Line
Shares of CF Industries have a 0.69% yield, based on Friday’s closing stock price of $230.28.

CF Industries Holdings, Inc.(CF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

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