B of A Securities Downgrades Sociedad Quimica Y Minera to Underperform, Announces $59 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Isabella Simonato has downgraded Sociedad Quimica Y Minera (SQM) from Neutral to Underperform and set a price target of $59.
October 18, 2023 | 9:42 am
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NEGATIVE IMPACT
Sociedad Quimica Y Minera (SQM) has been downgraded from Neutral to Underperform by B of A Securities, with a price target of $59.
The downgrade from B of A Securities is likely to negatively impact SQM's stock price in the short term. The new rating of Underperform suggests that the analyst believes the stock will underperform the market, which could lead to a decrease in its price. The price target of $59 provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100