BofA/Merrill Lynch Upgrades Sociedad Quimica y Minera (SQM) to Buy, Positively Revises FY 2017/18/19 EPS Estimates
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
BofA/Merrill Lynch upgraded Sociedad Quimica y Minera (NYSE: SQM) from Neutral to Buy with a price target of $65.00 (from $49.00).
Analyst Isabella Simonato says the company is the lowest cost producer in the space and sees the company's expansion as "on track." The analyst sees an inflection point for earnings approaching from other divisions within the business, mainly iodine and potash.
FY 2017 EPS estimate rises from $1.54 to $1.69, FY 2018 EPS estimate rises from $1.65 to $2.02 and FY 2019 EPS estimate rises from $1.99 to $2.20.
Shares of Sociedad Quimica y Minera closed at $52.20 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: RBC Capital Upgrades ViacomCBS (VIAC) to Outperform
- Legrand SA (LR:FP) (LGRVF) PT Raised to EUR95 at Barclays
- Shop Apotheke Europe NV (SAE:GR) PT Lowered to EUR210 at Barclays
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst PT Change, Hot Upgrades, Upgrades
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!