CF Industries Poised to See Improving Operations, RBC Says

01:02 PM EST, 11/09/2026 (MT Newswires) -- CF Industries (CF) is set to improve operations into 2027 with Yazoo City restarting and nitrogen fundamentals expected to be stronger near-term, RBC Capital Markets said in a note Sunday. "We expect relatively strong demand, with ongoing Indian tenders, Brazil import catch-up, and the US Spring season while corn prices remain supportive for nitrogen applications," it said. On the supply side, the report pointed to prolonged restricted supply from the Middle East, high global nitrogen marginal costs, and a seasonal wind-down of Chinese exports. Additionally, the company's Yazoo City operations are expected to resume in H1 of 2027, while early construction at Blue Point One is progressing well, the note said. The report also said CF is expected to deliver solid cash generation even after capital expenditure spend on the Blue Point project, backing its continued share buybacks. "We are positive long-term on CF's fundamentals, but see near-term US/Iran war headline risk to shares," it said. RBC raised its price target to $125 from $115 and kept a sector perform rating. Price: 120.32, Change: +0.93, Percent Change: +0.78