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.
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