K+S rises as BNP double-upgrades to 'outperform'
28/07/2026 09:56
BUZZ-K+S rises as BNP double-upgrades to 'outperform' **Shares in German potash miner K+S SDFGn.DE rise 5.2% by 08:55 GMT after BNP Paribas Exane double-upgrades the stock to "outperform" from "underperform"
**The brokerage turns more positive on fertilizers as the agricultural cycle accelerates, saying "ag (agricultural) indicators continue to flash green" and "$6 corn is in sight"
**Sees potash and phosphate producers as key beneficiaries of a stronger agricultural cycle
** Exane BNP's full year 2027 EBITDA estimate for K+S is 31% above consensus
** Broker raises its price target to 19 euros from 11 euros, implying about 32% upside from the previous close
($1 = 0.8800 euros)
(Reporting by Kira Britten)
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