Thursday, December 2, 2010

CF Industries (NYSE:CF) Boosted by Goldman (NYSE:GS)

CF Industries (NYSE:CF) has its EPS estimate and price target increased by Goldman Sachs (NYSE:GS) farmers are poised to replenish their fields with fertilizer after a solid year of profits.

EPS estimates for 2011 were raised from $11 to $12.15 and for 2012 from $11.09 to $13.45. That is based upon expected lower natural gas expenses.

As for natural gas, Goldman sees it dropping from their previous estimate of $5.25 to $4.00 for 2011, and for 2012 they dropped it from $5.75 to $4.25.

Goldman maintains a "Conviction Buy" rating on CF, which was trading at $126.35, gaining $2.31, or 1.86 percent at 12:17 PM EST. Goldman has a price target of $155 on the fertilizer company, increasing it from $145.

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