SQM price target lowered to $64 from $75 at JPMorgan

JPMorgan analyst Lucas Ferreira lowered the firm’s price target on SQM (SQM) to $64 from $75 but keeps an Overweight rating on the shares. The analyst notes that the reduced price target reflects weaker demand forecasts, though the firm also contends that the stock trades at 25%-29% discount relative to its main peers Albemarle (ALB) and Tianqi.