Analysts Just Updated Ratings of These 5 Stocks

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

Number of Hedge Fund Holders: 67

Shares of CF Industries Holdings, Inc. (NYSE:CF) fell over four percent on Friday, June 17, 2022, after Citigroup downgraded the agricultural fertilizers maker from “Buy” to “Neutral.”

The research firm also cut its price target for CF Industries Holdings, Inc. (NYSE:CF) from $123 per share to $99 per share. Citi analyst P.J. Juvekar said commodity chemicals has been outpacing the S&P 500 Index but that’s about to end.

In a research note to investors, Juvekar said rising interest rates will slow down the economic activity, leading to a weaker housing and consumer spending. He added that Federal Reserve’s latest interest rate hike sent chemical companies, including CF Industries Holdings, Inc. (NYSE:CF), down this week. Juvekar warned of an additional downside in case of economic deceleration.

You can also take a peek at 10 Best Biotech Stocks Under $5 and 10 Favorite Stocks of Dan Loeb’s Third Point.

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