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SQM

SQM

$30.86

-1.82 (-5.57%)

18:57
05/23/19
05/23
18:57
05/23/19
18:57

SQM downgraded to Market Perform from Outperform at BMO Capital

BMO Capital analyst Joel Jackson downgraded SQM (SQM) to Market Perform and lowered his price target to $31 from $47. The analyst warns that a lithium rebound or a bottoming in sentiment may take longer and that the company's earnings trajectory no longer warrants a bullish outlook. Jackson also states that while the possibility of "meaningful downside" is uncertain, SQM stock already trades at about a 3-times EBITDA premium relative to Albemarle (ALB).

  • 23

    May

SQM SQM
$30.86

-1.82 (-5.57%)

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."
04/22/19
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.
04/23/19
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.
05/23/19
BMOC
05/23/19
DOWNGRADE
BMOC
Market Perform
SQM downgraded to Market Perform from Outperform at BMO Capital

TODAY'S FREE FLY STORIES

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General news
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APC

Anadarko

$70.00

0.21 (0.30%)

14:52
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SSP

E.W. Scripps

$15.02

0.01 (0.07%)

, CBS

CBS

$49.38

0.22 (0.45%)

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E.W. Scripps

$15.02

0.01 (0.07%)

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CBS

$49.38

0.22 (0.45%)

FOXA

Fox Corp.

$36.59

0.44 (1.22%)

FOX

Fox Corp.

$36.23

0.44 (1.23%)

TGNA

Tegna

$15.09

0.22 (1.48%)

SBGI

Sinclair Broadcast

$53.51

0.01 (0.02%)

NXST

Nexstar

$102.72

2.31 (2.30%)

MDP

Meredith

$53.04

0.88 (1.69%)

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WFC

Wells Fargo

$46.25

0.99 (2.19%)

, GS

Goldman Sachs

$195.72

4.98 (2.61%)

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Wells Fargo dismissed from VRDO lawsuit, Reuters reports »

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WFC

Wells Fargo

$46.25

0.99 (2.19%)

GS

Goldman Sachs

$195.72

4.98 (2.61%)

JPM

JPMorgan

$111.21

2.01 (1.84%)

BAC

Bank of America

$28.72

0.79 (2.83%)

BCS

Barclays

$7.59

0.09 (1.20%)

C

Citi

$68.12

1.59 (2.39%)

RY

Royal Bank of Canada

$78.69

1.45 (1.88%)

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    Oct

ADBE

Adobe

$278.26

2.67 (0.97%)

14:49
06/18/19
06/18
14:49
06/18/19
14:49
Options
Adobe options imply 5.9% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 18

    Jun

RARX

RA Pharmaceuticals

$22.36

-0.38 (-1.67%)

14:48
06/18/19
06/18
14:48
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14:48
Recommendations
RA Pharmaceuticals analyst commentary  »

RA Pharmaceuticals price…

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  • 18

    Jun

FITB

Fifth Third

$27.53

0.58 (2.15%)

14:46
06/18/19
06/18
14:46
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14:46
Hot Stocks
Fifth Third boosts quarterly dividend 9% to 24c »

Fifth Third Bancorp…

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  • 23

    Jul

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MAS

Masco

$38.12

0.22 (0.58%)

14:42
06/18/19
06/18
14:42
06/18/19
14:42
Recommendations
Masco analyst commentary  »

Masco sale of cyclical…

03/08/13
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SKX

Skechers

$31.69

0.82 (2.66%)

14:25
06/18/19
06/18
14:25
06/18/19
14:25
Options
Skechers call volume above normal and directionally bullish »

Bullish option flow…

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PLT

Poly

$44.03

0.98 (2.28%)

14:25
06/18/19
06/18
14:25
06/18/19
14:25
Conference/Events
Poly participates in an investor webinar with Northland Capital Markets »

Northland Capital Markets…

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  • 18

    Jun

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    Jun

  • 13

    Nov

14:25
06/18/19
06/18
14:25
06/18/19
14:25
Conference/Events
Senate Commerce, Science & Transportation Committee to hold a hearing »

The Subcommittee on…

GIII

G-III Apparel

$26.38

0.71 (2.77%)

14:18
06/18/19
06/18
14:18
06/18/19
14:18
Hot Stocks
G-III Apparel up 6% after CEO buys over $1M worth of shares »

G-III Apparel Group CEO…

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  • 18

    Jun

  • 09

    Jul

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
06/18/19
06/18
14:17
06/18/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
06/18/19
06/18
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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DPW

DPW Holdings

$0.14

-0.003 (-2.13%)

14:15
06/18/19
06/18
14:15
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14:15
Hot Stocks
Breaking Hot Stocks news story on DPW Holdings  »

Digital Power trading…

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  • 02

    Jul

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$292.33

2.87 (0.99%)

14:06
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14:06
Periodicals
USTR says China tariffs only recourse given dialogue has failed, Reuters says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$292.33

2.87 (0.99%)

03/08/13
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ARWR

Arrowhead

$27.10

0.67 (2.54%)

14:05
06/18/19
06/18
14:05
06/18/19
14:05
Options
Arrowhead call volume above normal and directionally bullish »

Bullish option flow…

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  • 18

    Jun

DPW

DPW Holdings

$0.14

-0.003 (-2.13%)

14:01
06/18/19
06/18
14:01
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14:01
Hot Stocks
DPW Holdings announces deal with senior lender to refinance outstanding debt »

DPW Holdings announced…

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  • 02

    Jul

CMCSA

Comcast

$43.10

0.54 (1.27%)

, CHTR

Charter

$396.65

2.64 (0.67%)

13:58
06/18/19
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13:58
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13:58
Hot Stocks
Comcast says Charter, Cox join 'On Addressability' initiative »

Comcast Advertising, the…

CMCSA

Comcast

$43.10

0.54 (1.27%)

CHTR

Charter

$396.65

2.64 (0.67%)

CMCSK

Comcast

$0.00

(0.00%)

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  • 25

    Jul

CVS

CVS Health

$54.84

0.32 (0.59%)

13:55
06/18/19
06/18
13:55
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13:55
Conference/Events
CVS Health participates in a conference call with JPMorgan »

Healthcare Technology…

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  • 18

    Jun

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    Jun

GOOG

Alphabet

$1,107.00

14.75 (1.35%)

, GOOGL

Alphabet Class A

$1,110.00

17.29 (1.58%)

13:54
06/18/19
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13:54
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13:54
Periodicals
Google tells Bloomberg issues with calendar resolved »

Google said in a…

GOOG

Alphabet

$1,107.00

14.75 (1.35%)

GOOGL

Alphabet Class A

$1,110.00

17.29 (1.58%)

03/08/13
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  • 19

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    Oct

NVO

Novo Nordisk

$52.19

1.19 (2.33%)

13:52
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06/18
13:52
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13:52
Hot Stocks
Novo Nordisk sNDA for expanded Victoza age range approved by FDA »

A letter posted on the…

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  • 20

    Jun

DPW

DPW Holdings

$0.14

-0.002 (-1.42%)

13:46
06/18/19
06/18
13:46
06/18/19
13:46
Hot Stocks
Breaking Hot Stocks news story on DPW Holdings  »

Digital Power trading…

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  • 02

    Jul

ROX

Castle Brands

$0.52

0.0046 (0.89%)

13:45
06/18/19
06/18
13:45
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13:45
Recommendations
Castle Brands analyst commentary at Barrington »

Castle Brands Q4 results…

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XON

Intrexon

$8.61

1.02 (13.44%)

13:45
06/18/19
06/18
13:45
06/18/19
13:45
Options
Intrexon call volume above normal and directionally bullish »

Bullish option flow…

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