Market Overview

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

Related SQM
31 Stocks Moving In Monday's Pre-Market Session
Earnings Scheduled For November 21, 2018

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

Dec 2018HSBCUpgradesHoldBuy
Oct 2018JefferiesInitiates Coverage OnHold
Mar 2018HSBCUpgradesReduceHold

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!

Latest Ratings

View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Morning Market Movers

Morgan Stanley Sees Solid Quarter/Outlook For Analog Devices