K+S: Credit Suisse maintains 'underperform' rating.

(CercleFinance.com) - Credit Suisse maintains its "underperform" rating on K+S, with a target price of 18.
5 euros, while raising its estimates on the German agro-chemicals firm following its second-quarter results.

"Longer term, we believe the financial (...) and operational risks (potash price outlook, production rates from Werra) continue to overhang the K+S investment case," the broker writes in a research note.

"These issues are unlikely to fully abate until 2018," it adds in the report.

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