SQM price target lowered to $50 from $60 at Scotiabank

Scotiabank lowered the firm’s price target on SQM (SQM) to $50 from $60 and keeps an Outperform rating on the shares. While the firm continues to see the company’s offering as the best long-term value among the lithium majors in its coverage, Scotiabank reduced its price target to reflect a lower-for-longer lithium thesis, the analyst tells investors.