Skip navigation Scroll to top

Scroll to top

Rating Changes: K+S, Alpiq & Pfeiffer Vacuum

January 8, 2014

We rate K+S new Unattractive* (before: Sell). Although we expect that potash prices will remain under pressure, we do not exclude at this stage a potash price stabilization at low level, since a less aggressive pricing of competitor Uralkali (new management) seems possible. We also drop the coverage of Swiss utility group Alpiq and German pump maker Pfeiffer Vacuum as of today.