Sociedad Quimica y Minera (NYSE:SQM) Lowered to "Neutral" Rating by Citigroup
Citigroup downgraded Sociedad Quimica y Minera (NYSE:SQM) from a "buy" to "neutral" rating, setting a $74 price target, suggesting a 13.99% upside. Other analysts have mixed ratings, with an average "hold" and a $53.39 price target. SQM's stock opened at $64.92, with a market cap of $18.54 billion. Recent earnings missed estimates, but revenue increased 8.9% year-over-year. Institutional investors have adjusted their positions in SQM.
Market Beat·