Thursday, June 10, 2010

Morgan Stanley (NYSE:MS) Recommends CF Industries (NYSE:CF)

Nitrogen fertilizer giant CF Industries (NYSE:CF) received a valuable recommendation from Morgan Stanley (NYSE:MS) today, and the stock responded by rising to its highest level (in a day) in over 15 months.

Morgan Stanley analysts Vincent Andrews and Megan Davis also increased the rating of the stock to "overweight," an increased its price target over the next 12 months to $90.

In a note to clients, the two analysts said, "CF offers an attractive risk/reward as it has been the worst performing fertilizer stock."

Before today, CF had plunged by 35 percent in 2010, far more than its competitors have dropped during that same period.

The share price rose to $63.67, an increase of $4.70, or 7.97 percent, as of 2:24 PM EDT.

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