Sociedad Quimica Y Minera shares are trading lower after B of A Securities downgraded the stock from Neutral to Underperform and announced a $59 price target.
Portfolio Pulse from Benzinga Newsdesk
Sociedad Quimica Y Minera's (SQM) shares are trading lower after Bank of America Securities downgraded the stock from Neutral to Underperform and set a price target of $59.
October 18, 2023 | 12:41 pm
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NEGATIVE IMPACT
SQM's stock has been downgraded by B of A Securities from Neutral to Underperform, with a price target of $59. This has led to a decrease in the trading price of SQM shares.
The downgrade of SQM's stock by B of A Securities from Neutral to Underperform indicates a negative outlook for the company's stock. This, coupled with a price target of $59, has likely led to a decrease in the trading price of SQM shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100