Recently, Piper Jaffray analyst Brett Wong hosted a meeting with management of CF Industries (CF). He boosted his price target to $357.00 post meeting and reiterated his Overweight rating. In his research report, he noted,
"Management continues to be very positive around the outlook for North America nitrogen fundamentals and the cash generation of the business despite the overall weak ag fundamentals. North America will continue to be a net importer, even after the slotted industry expansion projects come on-line in 2015/16, and domestic producers continue to benefit from low cost natural gas. We expect the global urea cost curve will continue to hold proving more resilient than investors feared. We are lifting our FY15 estimates above the Street and our FY16 estimates remain well above consensus. Our price target moves to $357 as we expect the valuation multiple will expand as new capacity comes online and free cash flow increases with management committed to buying back stock."