CF INDUSTRIES (CF $242.79; rated Neutral; price target $201) HIGHER VOLUMES AND FEWER SHARES BENEFIT 2013-2016, BUT HIGHER NAT GAS AND HIGHER NET DEBT SHAVE 2017-2020 ESTIMATES 2/25/2014

CF INDUSTRIES (CF $242.79; rated Neutral; price target $201) HIGHER VOLUMES
AND FEWER SHARES BENEFIT 2013-2016, BUT HIGHER NAT GAS AND
HIGHER NET DEBT SHAVE 2017-2020 ESTIMATES 2/25/2014