Market Overview

UPDATE: Morgan Stanley Reiterates On Sociedad Quimica y Minera de Chile As Uncertainty Remains

Related SQM
The S&P 500's Biggest Gainers And Losers In A Turbulent First Quarter
Jim Cramer Weighs In On Albemarle, Square And More
Albemarle: Lithium Cooled But Volume Will Grow (Seeking Alpha)

In a report published Wednesday, Morgan Stanley analyst Javier Martinez de Olcoz Cerdan reiterated an Equal-Weight rating on Sociedad Quimica y Minera de Chile (NYSE: SQM), but removed the $33.00 price target.

In the report, Morgan Stanley noted, “EBITDA was slightly ahead of consensus largely on strong potash volumes and good industrial margins. Bulls will focus on potash bottom out while bears will note continued uncertainty in Iodine & Lithium. Risk/Reward is improving, but we expect SQM to trade in a range and remain E/W.”

Sociedad Quimica y Minera de Chile closed on Tuesday at $28.66.

Latest Ratings for SQM

Mar 2018HSBCUpgradesReduceHold
Mar 2018Deutsche BankMaintainsBuyBuy
Jan 2018Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for SQM
View the Latest Analyst Ratings

Posted-In: Javier Martinez de Olcoz Cerdan Morgan StanleyAnalyst Color Price Target Analyst Ratings


Related Articles (SQM)

View Comments and Join the Discussion!