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K+S: share price down, broker lowers target
(CercleFinance.com) - K+S is down more than 2% in Frankfurt as UBS has reaffirmed its 'sell' recommendation on the stock, with a price target lowered from 12 to 10 euros, a new target that implies 11% downside potential for the German potash and rock salt supplier's shares.
"We continue to see downside risks for potash prices due to the unfavorable economic situation for farmers, and consequently for the Group's earnings and free cash flow", explains the broker. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
28/03/2025 17:20
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