K+S Downgrade Contributes to Stoxx 600 Mining Index Fall

Bloomberg reported that K+S stock price tumbled on Thursday, as the mining index on the Stoxx 600 down.

As quoted in the market report:

K+S AG decreased 4 percent to 27.19 euros after UBS downgraded Europe’s largest potash maker to sell from neutral. Analysts led by Joe Dewhurst predicted that declining earnings will reduce cash returns to investors until 2018.

To view the whole Bloomberg report, click here.