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credit suisse: fertilizer sector compelling

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    Credit Suisse Believes Valutaions For Fertilizer Sector Look Highly Compelling (CF)

    Oct 11, 2011 (SmarTrend(R) News Watch via COMTEX) -- Credit Suisse (CS) believes valuations for the fertilizer sector "look highly compelling" given the sell-off, according to a Bloomberg report. The bank raised 2011, 2012, and 2013 global aggregate fertilizer sector net earnings estimates to 3%, 17% and 23%, respectively.

    The bank recommends investors take advantage of the sell-off to build a position in the sector and said that nitrogen has the biggest potential for consensus earnings upgrades.

    CS said that favored nitrogen plays are Acron, CF Industries (CF) and Yara. In phosphates, favored plays are Mosaic (MOS), IPL and PhosAgro. In potash, Potash Corp (POT) and Uralkali.

    CF Industries has a potential upside of 36.2% based on a current price of $140.39 and an average consensus analyst price target of $191.22.

    CF Industries should find initial resistance at its 200-day moving average (MA) of $145.85 and further resistance at its 50-day MA of $161.67.

    In the last five trading sessions, the 50-day MA has fallen 0.64% while the 200-day MA has remained constant.

    CF Industries Holdings, Inc. manufactures and distributes nitrogen and phosphate fertilizer products in North America. The Company's principal products in the nitrogen segment are ammonia, urea and urea ammonium nitrate solution and its principal products in the phosphate segment are diammonium phosphate, monoammonium phosphate, and granular muriate of potash.

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