CF Industries Cut to a “Sell” at UBS (CF)

in Gold Gold Investing by admin — March 15, 2010 6:03 am | no comments

Fertilizer maker CF Industries Holdings, Inc. ( CF ) saw its rating and price target cut on Monday by analysts at UBS. The analyst lowered its rating on CF to “Sell” from “Hold,” and lowered its 12-month price target on the stock from $104 to $81. CF Industries shares, which had closed at $96.73 on Friday, fell $1.98, or -2.1%, in premarket trading Monday. The Bottom Line We had removed shares of CF from our “recommended” list back on Sept.21, when the stock was trading at $90.19. The company has a .41% dividend yield, based on Friday’s closing stock price of $96.73. The stock has technical support in the $90 price area. If the shares can snap back from this morning’s drop, we see overhead support around the $103-$105 price levels. We would remain on the sidelines for now. CF Industries Holdings, Inc. ( CF ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .