SQM price target lowered to $45 from $50 at Scotiabank

Scotiabank lowered the firm’s price target on SQM (SQM) to $45 from $50 and keeps an Outperform rating on the shares. The firm reduced its price target on the stock to reflect the lower-for-longer lithium price impact on the company’s earnings power and its ability to fund growth, the analyst tells investors.