Goldman Sachs (NYSE:GS) upgraded CF Industries (NYSE:CF) from "Neutral" to "Buy" Tuesday, as the demand for phosphate and nitrogen continues to increase.
Along with the upgrade for CF Industries, Goldman added them to their "conviction buy" list.
The price target Goldman set for them is $110 a share.
CF closed Tuesday at $88.53, gaining $3.94 a share, or 4.66 percent. Volume was almost double the normal trading amount for the day.
The fertilizer company has a market cap of $6.29 billion.
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