Stock Track | SQM Plummets 5.16% Intraday After JPMorgan Downgrade on Limited Lithium Price Upside

Stock Track

06/02

Sociedad Quimica Y Minera De Chile SA (SQM) saw its stock price plummet 5.16% during intraday trading on Tuesday.

The sharp decline followed a rating downgrade by JPMorgan, which moved SQM to Neutral from Overweight. While the bank raised its price target to $100 from $94, it cited a view of limited upside for lithium prices as a key reason for the less bullish stance.

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