CF Industries downgraded at Mizuho on concerns rally has peaked (CF:NYSE)

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Mizuho Securities downgraded CF Industries Holdings to Underperform from Neutral due to concerns that the stock’s recent rally has already priced in the benefits from geopolitical disruptions. The firm believes further upside is limited and expects any earnings gains from higher nitrogen prices to be temporary, with prices likely to ease once tensions subside. CF Industries faces downside risk if nitrogen prices fall, as historical patterns suggest price spikes are often followed by corrections.

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