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Fly News Breaks for August 26, 2019
SQM
Aug 26, 2019 | 08:37 EDT
In a research note partially titled "Still Too Early," Citi analyst Andrew McCarthy lowered his price target for SQM to $25 from $33 and reiterates a Neutral rating on the shares. It remains too early to get more positive on the stock given the recent "weak" lithium market data and downward consensus earnings revisions ahead, McCarthy tells investors. He sees the stock as fairly valued at current levels.
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