UPDATE: Goldman Sachs Reiterates Buy Rating, Raises PT for CF Industries Holdings

In a report published earlier today, the Goldman Sachs Group, Inc. reiterated its Buy rating for CF Industries Holdings, Inc.

and raised its price target from $225.00 to $230.00. Goldman Sachs went on to say “We remain constructive on the Fertilizer names...Our positive view is based on: (1) a view that elevated oil prices will support new crop corn prices and farmer economics, (2) our expectation that sufficiently tight nitrogen (N) and phosphate (P) supplies will drive a less negative price trajectory than the consensus view, and (3) valuations look compelling relative to history and replacement value.” CF Industries Holdings, Inc. closed on Friday at $165.11.