JP Morgan Lowers Estimates for CF Industries (CF)

JP Morgan lowered estimates for CF Industries Holdings CF. JP Morgan analysts said, "We lowered our 2010 EPS estimate to $7.25 versus $8.00 previously to reflect slimmer second-half nitrogen margins. Our 2Q:10 EPS estimate is now $3.25 versus our previous estimate of $3.35. We also trimmed our 2011 EPS projections to $7.00 versus our previous projection of $7.50. We maintain our 2012 EPS projection of $6.00." CF Industries is rated Neural, with a price target of $65.00, down from the previous target of $73.00. CF is currently tradign at $65.35.