cf industries

UPGRADES Goldman Sachs upgrades CF Industries (NYSE: CF) to Conviction Buy with a price target of $225. Click Here for more color.

BofA/Merrill Lynch lifts CEMEX (NYSE: CX) from Neutral to Buy. Needham & Company boosts Under Armour, Inc. (NYSE: UA) from Hold to Buy, with an $86 price target.

UPGRADES BofA/Merrill Lynch upgrades Target (NYSE: TGT) from Neutral to Buy, with a price target increased from $57 to $61.

J.P. Morgan upgrades Agrium (NYSE: AGU) from Neutral to Overweight, and their price target increased from $70 to $75.

Goldman Sachs upgraded CF Industries (NYSE: CF) from Neutral to its Conviction Buy List, saying ag stocks have more room to run.

BGC Partners upgrades Microsoft (Nasdaq: MSFT) from Hold to Buy.

Fertilizer company Terra Industries says it will pursue a bid to be acquired by CF Industries instead of a previous agreement with Norway's Yara.

Deerfield-based chemical manufacturer CF Industries Holdings Inc. said Thursday that it has withdrawn its offer to acquire fertilizer company Terra Industries Inc.

CF Industries Holdings Inc. has rejected rival fertilizer maker Agrium Inc.'s sweetened takeover bid, saying the $4.5 billion bid significantly undervalues the company.

• Terra Industries Inc. (NYSE: TRA) sent the following letter to CF Industries Holdings, Inc. (NYSE: CF) in response to CF's letter dated August 5, 2009: The Board of Directors of Terra Industries Inc., with the assistance of its financial and legal advisors, has carefully considered your latest proposal to combine our companies.

Fertilizer maker CF Industries Holdings Inc. on Monday said Terrell Huch joined the company as senior director, investor relations and corporate communications, succeeding Charles Nekvasil.

CF Industries Holdings says it is willing to boost its bid for Terra Industries after its previously proposed takeover offers were repeatedly rejected.

• Agrium Inc. (NYSE: AGU) today announced that CF Industries Holdings, Inc.'s (NYSE: CF) stockholders have tendered approximately 30.14 million CF shares, or 62% of the total outstanding CF shares, into its offer of $40.00 in cash plus one Agrium share per CF share as of the offer's expiration date last night at 12:00 midnight, New York City time.
  
  Agrium has extended the expiration date of the offer until 12:00 midnight, New York City time, July 22, 2009.