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SQM

SQM

$30.86

-1.82 (-5.57%)

18:51
05/23/19
05/23
18:51
05/23/19
18:51

SQM downgraded to Market Perform from Outperform at BMO Capital

  • 23

    May

SQM SQM
$30.86

-1.82 (-5.57%)

04/23/19
04/23/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Roku (ROKU) initiated with a Positive at Susquehanna. 2. Zosano Pharma (ZSAN) initiated with an Overweight at Cantor Fitzgerald. 3. Trade Desk (TTD) initiated with a Hold at Needham. 4. SQM (SQM) initiated with a Sell at Vertical Group. 5. Lyft (LYFT) initiated with an Outperform at JMP Securities, Raymond James, Cowen, and Credit Suisse, an Overweight at JPMorgan and Piper Jaffray, a Buy at Jefferies, Canaccord, and Stifel, and a Sector Weight at KeyBanc. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/22/19
VERF
04/22/19
INITIATION
Target $23
VERF
Sell
SQM initiated with a Sell at Vertical Group
Vertical Group analyst James Bardowski started SQM with a Sell rating and $23 price target. The company has relatively high exposure to lithium spot markets, where prices are at risk of moving lower as supply outpaces demand near-term and an end to China's new energy vehicles subsidies comes into sight, Bardowski tells investors in a research note. Further, increased spending at SQM "will stretch an already limited balance sheet," adds the analyst.
04/15/19
SBSH
04/15/19
DOWNGRADE
Target $13
SBSH
Neutral
Citi sees lithium as 'buyer's market,' downgrades Livent to Neutral from Buy
Citi analyst P.J. Juvekar downgraded Livent (LTHM) to Neutral from Buy and lowered his price target for the shares to $13 from $15. The analyst also reduced his price target for Neutral-rated Albemarle (ALB) to $88 from $92. Following a site visit to the Salar de Atacama and meetings with SQM's (SQM) CFO, Juvekar gets the sense that the lithium market "has become a buyer's market." Chinese buyers seem to have become more aggressive and China's new energy vehicle subsidy cuts may weigh on the market beginning in the second half of 2019, the analyst tells investors in a research note. While Albemarle and Livent's volumes are secured under multi-year terms, pricing for future volumes could come under pressure as new conversion capacity ramps up in 2019-2020, contends Juvekar. He reduced his valuation multiples for both stocks as "competition in the lithium market increases."
04/12/19
MSCO
04/12/19
NO CHANGE
Target $35
MSCO
Underweight
SQM price target lowered to $35 from $44 at Morgan Stanley
Morgan Stanley analyst Javier Martinez de Olcoz Cerdan cut his price target on SQM (SQM) shares to $35 from $44 and keeps an Underweight rating on the stock after meeting with the company's new CEO, Corfo, the ministry of mining and other industry contacts in Chile. Following his visit, he is less optimistic about both the possibility of an early lease renewal and the pace of SQM's medium-term expansion, he said, adding that he sees significant potential downside to SQM's consensus forecasts. The analyst continue to see downside to consensus lithium price expectations and also keeps an Underweight rating on Albemarle (ALB).

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SHOP

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AAXN

Axon

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IOVA

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FB

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$NSD

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EEFT

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UBER

Uber

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MRK

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MOGU

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PPDF

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ERJ

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JBL

Jabil

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