JP Morgan Downgrades Sociedad Quimica Y Minera to Neutral, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Sociedad Quimica Y Minera (SQM) from Overweight to Neutral and reduced its price target from $55 to $44.
October 11, 2024 | 12:09 pm
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JP Morgan has downgraded SQM from Overweight to Neutral and lowered its price target from $55 to $44, indicating a less optimistic outlook.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan suggests a shift in sentiment, likely leading to a negative short-term impact on SQM's stock price. The lowered price target further supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100