On June 15, CF Industries fell 6.07% in regular trading, trading at $106.15 USD/share, with turnover of $74.04 million. The sharp decline was triggered by BNP Paribas significantly cutting its price target on the stock.
On the news front, BNP Paribas lowered its target price on CF Industries from $140 to $120, a 14.3% reduction, while maintaining a neutral rating. According to FactSet data, analysts have an average rating of hold on the stock with a mean price target of $129.54. The current share price has fallen well below the lower bound of most institutional expectations, pressuring market sentiment.
Within the Fertilizers & Agricultural Chemicals sector where CF Industries belongs, performance was mixed. Among individual stocks, Scotts Miracle-Gro up 3.83%, Mosaic up 3.44%, Corteva up 0.95%, FMC Corp up 0.68%, Nutrien down 1.55%. CF Industries led sector declines by a wide margin.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)