The beat-down stock could be do for a major bounce, the firm said.
Despite getting sold off this year, Jefferies sees SQM as an attractively valued play in the commodities space. Analyst Alejandro Demichelis upgraded U.S. shares of the Latin American lithium producer to buy from hold. Demichelis raised his price target by $10.80 to $62.80, now suggesting an upside of 31.9%.
SQM has performed just about in line with peer Albemarle since the start of 2023. That lack of outperformance can be tied to some uncertainties around a deal to extend a Chilean lithium concession to 2060 instead of 2030, the analyst said. SQM ALB,.SPX 1Y mountain SQM vs. Albemarle and S & P 500 While there is not yet a definitive agreement, Demichelis said the plan can create value for the company once executed.
Stock Markets Albemarle Corp Sociedad Quimica Y Minera De Chile SA Sociedad Quimica Y Minera De Chile SA Business News
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
ESPN ‘30 for 30′ on Dude Perfect to premiere at Dallas International Film festNorth Texas’ biggest YouTube stars will get their due at the Majestic Theatre on April 25.
Lire la suite »
American Fork police seize 30 lbs fentanyl, large sum of cash from undocumented immigrantA Murray man was arrested Thursday after authorities said they seized 30 pounds of fentanyl and large amounts of cash from his apartment.American Fork police o
Lire la suite »
LAist Pop-Up Of The Week: Vegatinos, Soulful Plant-Based Latin American Cooking In North HollywoodGab Chabrán is a lifelong resident of Southern California. He grew up in Whittier, where he attended Whittier College. He began his journalism career writing for the local music rag L.A. Record where he wrote album and live music reviews. He became a regular contributor at L.A. Taco, where he was part of the James Beard Award-winning team.
Lire la suite »
2024 Latin American Music Awards Nominations: The Complete ListLiz Calvario is a Los Angeles-based reporter and editor for TODAY.com who covers entertainment, pop culture and trending news.
Lire la suite »
Feid & Peso Pluma Lead 2024 Latin American Music Awards Nominations: See the Complete List2024 Latin AMAs Nominations: Feid and Peso Pluma lead. See the complete list.
Lire la suite »
Los Angeles Police Department creates task force to combat burglaries led by Latin American gangsThe Los Angeles Police Department assembled a task force to stop the recent surge in wealthy home burglaries caused by foreign organized crime groups.
Lire la suite »