CF Industries falls as Mizuho downgrades to 'underperform'
18/03/2026 11:43
** 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 likely already 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))