Analysts are Revising Ratings for These 5 Commodity Stocks

1. CF Industries Holdings, Inc. (NYSE:CF)

Number of Hedge Fund Holders: 67

Citi upgraded CF Industries Holdings, Inc. (NYSE:CF) from “Neutral” to “Buy” on Wednesday, August 3, 2022. The research firm also raised its price target for the manufacturer of agricultural fertilizers from $99 per share to $117 per share.

Citi analyst P.J. Juvekar thinks that agriculture stocks, including CF Industries Holdings, Inc. (NYSE:CF), will perform well despite the decelerating economic environment. Juvekar referred to the Russia-Ukraine war that has sharply increased the demand for agricultural inputs around the world.

Separately, investment management firm Carillon Tower Advisers also talked about CF Industries Holdings, Inc. (NYSE:CF) in its first-quarter 2022 investor letter, stating:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. CF Industries (NYSE:CF) manufactures and distributes nitrogen fertilizer. The stock rose as Russia’s invasion of Ukraine accelerated already rising fertilizer prices.”

You can also take a peek at 10 Best Natural Gas Stocks to Buy Now and Jim Cramer Recommends These 10 Stocks For Recession.

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