Analysts are Upgrading These 5 Stocks

4. CF Industries Holdings, Inc. (NYSE:CF)

Number of Hedge Fund Holders: 52

Shares of CF Industries Holdings, Inc. (NYSE:CF) rallied for two consecutive trading sessions after receiving an upgrade from RBC Capital on Monday, October 3, 2022. The research firm improved its ratings for the fertilizer manufacturer from “Sector Perform” to “Outperform.”

Analyst Andrew Wong thinks CF Industries Holdings, Inc. (NYSE:CF) should capitalize on the favorable nitrogen market forecast. Wong also expects potential upward revisions in the consensus expectations due to strong demand and higher prices. He raised his price target for CF stock from $110 per share to $135 per share.

Separately, asset management firm Chartwell Investment Partners mentioned CF Industries Holdings, Inc. (NYSE:CF) in its second-quarter 2022 investor letter, stating:

“We sold the full position in fertilizer company CF Industries, which also had a 20%+ YTD return (through 6/30), as we had concerns that the company would announce capacity additions, which would negatively impact nitrogen pricing.”