K+S: UBS lowers target price

(CercleFinance.com) - UBS maintains its 'sell' recommendation on K+S shares with a TP reduced from E12 to E10 (cp: E11.
1, -1%), which implies 11% downside potential for the German potash and rock salt supplier's stock.

Analysts still see downside risks for potash prices due to the unfavourable economic situation for farmers, and consequently for the group's earnings and free cash flow.


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