KeyBanc Downgrades Compass Minerals International (CMP) to Hold, Seeing Challenge to Volume

KeyBanc downgraded Compass Minerals International (NYSE: CMP) from Buy to Hold.

The firm comments, "Snowfall events thus far in the 2012-2013 winter season are above the historically low 2011-2012 winter season, but still about 22% below the 10- year average. In this environment Compass Minerals International, Inc. (CMP-NYSE) is again seeing challenges to volume and we believe that higher cost salt inventory will move through COGS at a slower than expected pace. This higher cost inventory should increase unit operating costs above current expectations in 1Q13 even if snowfall returns to a more normalized level. If weather trends persist we have a difficult time seeing much upside to CMP's current share price of about $76 share."

For an analyst ratings summary and ratings history on Compass Minerals International click here. For more ratings news on Compass Minerals International click here.

Shares of Compass Minerals International closed at $76.21 yesterday.

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