SQM price target raised to $80 from $54 at Scotiabank

Scotiabank analyst Ben Isaacson raised the firm’s price target on SQM (SQM) to $80 from $54 and keeps an Outperform rating on the shares. The stock is one of the firm’s top picks for 2025 due to the presidential election risk swinging in the company’s favor, the diminishing prospect of a capital raise, the near finalization of the Codelco JV, the company’s non-lithium businesses doing well, and the stock doubling in less than six months, the analyst tells investors.