K+S: red on broker downgrade

(CercleFinance.com) - K+S is down 3% in Frankfurt, penalized by a downgrade by Stifel from 'hold' to 'sell' on the German potash and rock salt supplier's shares, with a price target reduced from 14 to 12.
5 euros.

While expecting solid EBITDA and FCF for the first quarter, the broker warns that "the trend in the coming quarters could worsen", fearing a fall in potash prices as the season in the northern hemisphere draws to a close.

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