Stifel downgrades K+S on risk of negative trends, shares fall
** Shares in K+S SDFGn.DE fall around 3% after Stifel downgrades the German salt and potash miner to "sell" from "hold", flagging a risk of worsening sentiment post Q1
** The broker expects K+S to report solid Q1 EBITDA and FCF, but warns the trend could get worse in the coming quarters
** High inventories in China and Brazil could lead to falling potash prices, with farmers and fertiliser makers unlikely to accept higher European prices for long, it says
** Stifel sees no reason to expect a tightening potash market or a price rebound in the coming years either
** Nine out of 21 analysts rate the K+S stock "strong buy" or "buy", eight "hold" and four "strong sell" or "sell"
Reporting by Mateusz Dobrzyniewski
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