BUZZ-CIBC initiates coverage for CF Industries on strong cash flow

Reuters12-02
BUZZ-CIBC initiates coverage for CF Industries on strong cash flow

** CIBC Capital Markets initiates coverage on fertilizer co CF Industries CF.N with "neutral"; PT $87

** The new PT represents a 9% upside to stock's last close

** Brokerage says the nitrogen pure-play company's strong free cash flow generation, supported by its low-cost U.S. platform, is attractive

** However, brokerage sees "limited catalysts" heading into 2026

** 5 out of 21 brokerages rate the stock "buy", 15 "hold" and 1 "sell"; median PT is $93 - data compiled by LSEG

** Up to last close, CF was down 6.5% YTD

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))

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