SQM price target lowered to $42 from $48 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on SQM to $42 from $48 and keeps a Hold rating on the shares ahead of the Q1 report. The firm’s numbers are 20% below consensus, due to high lithium pricing assumptions from most of the sell-side. Street numbers could be corrected in the coming weeks but are likely to remain on the higher side, the analyst tells investors in a research note.