Seeking Alpha

Compass Minerals +3.2% as Credit Suisse upgrades

  • Compass Minerals (CMP +3.2%) is upgraded to Neutral from Underperform with an $88 price target, up from $68, at Credit Suisse.
  • Due to strong winter weather patterns in the Midwest, Great Lakes region and Ontario, the firm sees trends within the highway deicing salt business continuing to act as favorable tailwinds.
  • As a result of better volumes likely resulting in a more favorable pricing landscape for the upcoming bidding season, the firm raises its 2014 EPS estimate to $4.10 from $3.80 and implements a 2015 estimate of $4.70.
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