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BUZZ-  CF Industries falls as Mizuho downgrades to 'underperform'

Reuters
Mar 18
BUZZ-  CF Industries falls as Mizuho downgrades to 'underperform'

** Shares of fertilizer company CF Industries down ~4% at $118.50 premarket

** Mizuho downgrades stock's rating to "underperform" from "neutral"; raises PT to $100 from $95

** Brokerage says the big gains from the surge in oil and fertilizer prices due to the Middle East conflict have likelyalready been captured

** Views that the surge in nitrogen prices is not long-lasting and prices will come down once the conflict ends

** However, it raises PT to reflect the temporary earnings boost and decline in net debt that are expected in 2026

** Four out of 22 brokerages rate stock "buy", 14 "hold" and four "sell"; median PT is $100 - data compiled by LSEG

** As of last close, CF down 59.4% YTD

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))

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