HAMBURG (dpa-AFX Broker) - The analyst firm Warburg Research has lowered the target price for K+S from 18.20 to 16.10 euros, but left the rating at "Hold". High demand for road salt should have supported the business development of the salt and fertilizer producer in the final quarter of 2023, analyst Oliver Schwarz wrote in a study published on Wednesday. In the fertilizer business, however, sales prices are likely to have fallen significantly year-on-year. In addition, he expects a cash outflow after the positive development a year earlier./gl/la

Publication of the original study: 31.01.2024 / 08:15 / CET First dissemination of the original study: Date not specified in study / Time not specified in study / CET

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