Deutsche Bank Downgrades Sociedad Quimica Y Minera to Hold, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Corinne Blanchard downgraded Sociedad Quimica Y Minera (SQM) from Buy to Hold and reduced the price target from $58 to $52.
January 11, 2024 | 4:01 pm
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Deutsche Bank downgraded Sociedad Quimica Y Minera from Buy to Hold and lowered the price target from $58 to $52.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further supports the expectation of a decrease in stock value.
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IMPORTANCE 80
RELEVANCE 100