CF Industries Holdings Inc

CF: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$28.00	Jysqxfq	Qmnththb

CF Industries Earnings: Lower Nitrogen Prices Will Be Partially Offset by Falling Natural Gas Prices

Seth Goldstein

May 2, 2023

We maintain our CF Industries $85 per share fair value estimate after updating our valuation model to incorporate first-quarter results as well as our lower near-term, nitrogen, and U.S. natural gas price forecasts. Our no-moat rating is unchanged.

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