SQM REPORTS EARNINGS FOR THE THREE MONTHS ENDED MARCH 31, 2024|
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Deutsche Bank Reiterates Hold Rating on Sociedad Quimica y Minera (SQM)
May 23, 2024 8:51 AM EDTDeutsche Bank analyst Corinne Blanchard reiterated a Hold rating and $42.00 price target on Sociedad Quimica y Minera (NYSE: SQM).
The analyst comments "SQM reported 1Q results, with adjusted EBITDA of $404m, a 3% beat vs the Street and above DBe of $334m. The modest beat was largely driven by higher volumes across most segments in lithium, iodine, and potassium, along with better than expected pricing in SPN, iodine, and industrial chemicals. The volume misses in SPN and industrial chemicals... More
