SQM price target raised to $93 from $79 at JPMorgan

JPMorgan raised the firm’s price target on SQM (SQM) to $93 from $79 and keeps an Overweight rating on the shares. The firm sees a buying opportunity following the recent profit taking among the lithium names. China’s lithium futures prices are down 13% from their peak, which is mostly a technical selloff rather than based on fundamentals, the analyst tells investors in a research note.