Morgan Stanley Sees Good Entry Point in CF (CF) Shares

Although shares of CF Industries (NYSE: CF) are about 2 percent lower Monday, the stock is actually outperforming the broader stock market. The S&P 500 last traded at 1,160, down 3.3 percent from Friday's close.

Traders may be taking a look at the stock this afternoon following an earlier bullish research note from Morgan Stanley. The firm suggested the stock's price offers a compelling buying opportunity. Morgan Stanley believes upside to earnings remain and also sees a chance the Board will return more cash to shareholders.

The firm boosted its FY12 EPS estimate on CF from $20 even to $23.50. The Street is currently looking for FY12 EPS of $16.09.

The research note follows CF's Q1 results on Thursday afternoon. Shares traded about 3.5 percent higher following the earnings release.

Visit our Analyst Ratings page to track all the market-moving analyst action on shares of CF Industries.

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