JPMorgan upgraded Compass Minerals (CMP) to Overweight from Neutral with a price target of $15, up from $13. The core business of Compass is salt for the management of snow and ice on roads in the U.S. and Canada, and the two previous winters have been warm, the analyst tells investors in a research note. The firm says the winter of 2024 and 2025 has become colder after a slow start. Meanwhile, Compass’s balance sheet and cash flow look to be improving, contends JPMorgan.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMP:
- Compass Minerals Reports Strategic Progress Despite Q1 Challenges
- Compass Minerals Earnings Call: Mixed Sentiments Amidst Salt Business Challenges
- Compass Minerals reports Q1 adjusted EPS (55c) vs. 7c last year
- Compass Minerals sees FY25 adjusted EBITDA $152M-$193M
- Compass Minerals Announces New COO and CFO Appointments