Compass Minerals downgraded to Underweight from Overweight at JPMorgan

JPMorgan double downgraded Compass Minerals (CMP) to Underweight from Overweight with a price target of $18, up from $15, following the fiscal Q3 report. The firm says the announcement of winter salt pricing being up 2%-4% ends the fundamental business information weighing on the company’s 2026 earnings. Compass will not be meaningful generator of free cash flow in fiscal 2026, the analyst tells investors in a research note. JPMorgan now recommends owning agricultural companies with larger fertilizer exposure like Nutrien (NTR) and Mosaic (MOS).