Take a 35% Gain On CF Industries
Last May, we issued a $93 price target for CF, which was based on realistic assumptions for future revenue and profit margins. In just seven months, CF has sprinted higher, closing much of the ground between our $53 entry and our price target. We will follow the company, update our view, and may revisit the stock in the future – especially if a broad market sell-off pushes the stock lower in the short-term. But for now, after a nice rally into year-end 2021, we have a good exit point and recommend taking profits.