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Fly News Breaks for May 18, 2018
SQM
May 18, 2018 | 07:32 EDT
Deutsche Bank analyst Chris Terry views Nutrien's 24% stake sale to Tianqi as a positive development for SQM. The analyst, while admitting the premium was perhaps not as high as some investors had expected, maintains a Buy rating on SQM with a $63 price target. The agreed 12% premium recognizes the quality of SQM's resource base, Terry tells investors in a research note. He also expects the company to report strong Q1 results on May 23.
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