FRANKFURT (dpa-AFX Broker) - DZ Bank has lowered the fair value for K+S from 15.90 to 14.00 euros, but left the rating at "hold". With the new China contract of the Russian potash producer Uralkali, there should now be clarity in the market about the price floor, at least for the next six months, analyst Axel Herlinghaus wrote in a study published on Monday. Due to the optimism-dampening news flow on pricing, he has reduced his sales and earnings (EBITDA) forecasts for the fertilizer group for the years 2024 to 2026./edh/la

Publication of the original study: 15.07.2024 / 14:43 / CEST First dissemination of the original study: 15.07.2024 / 14:55 / CEST

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