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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