Dahlman Rose downgraded shares of CF Industries Holdings, Inc. CF to Hold from Buy, as upward momentum in the industry is beginning to slow.
In the research note, Dahlman Rose writes, "We believe that the upward momentum generated by robust Fall nutrient application, rising nutrient prices, faltering grain output, and rising grain prices is beginning to ebb. Since shares rode this positive momentum upward, we expect that easing into 4Q10 will tax the shares over the next few months."
Shares of CF are down 83 cents to $100.60, a loss of 0.8%.
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Posted In: Analyst ColorDowngradesPrice TargetAnalyst RatingsDahlman RoseFertilizers & Agricultural ChemicalsMaterials
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