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SQM - SQM to remain held down by weak lithium prices Morgan Stanley says
Sociedad Quimica y Minera S.A.
SQM (SQM-1.1%) is reiterated with an Equal Weight rating but with an improved price target of $31 at Morgan Stanley, which says the likely will not outperform in 2020 due to low lithium prices in an oversupplied market.
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