Scotiabank lowered the firm’s price target on SQM (SQM) to $50 from $60 and keeps an Outperform rating on the shares. While the firm continues to see the company’s offering as the best long-term value among the lithium majors in its coverage, Scotiabank reduced its price target to reflect a lower-for-longer lithium thesis, the analyst tells investors.
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Read More on SQM:
- SQM price target lowered to $31 from $35 at Deutsche Bank
- SQM Reports Significant Financial Challenges in Q3 2024
- SQM Reports Growth Amid Lithium Market Dynamics
- Options Volatility and Implied Earnings Moves Today, November 20, 2024
- SQM Reports Revenue Drop Amid Falling Lithium Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
