Stifel Maintains Buy Rating for Compass Minerals Intl: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has maintained its Buy rating for Compass Minerals Intl (NYSE:CMP) but reduced its price target from $75.00 to $60.00. Despite the reduction, the new target suggests a significant upside of 191.97% from the current price of $20.55. Compass Minerals produces salt and specialty potash fertilizer, with key assets in Ontario, Louisiana, the UK, and Utah.
January 11, 2024 | 5:00 pm
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Stifel maintains a Buy rating for Compass Minerals Intl but lowers the price target from $75 to $60, indicating a potential upside of 191.97% from the current price.
The maintenance of a Buy rating by Stifel reflects a positive outlook on CMP's future performance, despite the reduction in the price target. The significant potential upside indicated by the new target price may generate investor optimism and could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100