UBS has reiterated its "Sell" rating for K+S, with a price target of 10 euros, in light of the company's recent quarterly results and revised profit forecast for 2024.
According to analyst Priyanka Patel, the updated annual outlook indicates a 9 percent decrease in market expectations for the final quarter of the year. This adjustment is expected to have a negative impact on the stock exchange, as K+S faces challenges in the fertilizer market.
The report, published on November 14, 2024, reflects UBS's cautious stance on K+S due to changing financial projections.