The US investment bank Morgan Stanley has downgraded BASF from “Overweight” to “Underweight” and lowered its price target from 43 to 39 euros.
The cost curve poses challenges for the chemical company BASF, wrote analyst Charles Webb in a study available on Monday, with reference to energy prices and a “slightly more burdensome” regulation. This will be felt in terms of profitability in the short and medium term.
Deutsche Bank Research leaves BASF at “Buy” – target of 54 euros
Deutsche Bank Research has left BASF’s rating at “Buy” with a price target of 54 euros following speculation about Arab oil company Adnoc’s interest in buying Wintershall DEA. Contrary to the rumored value of BASF’s 73 percent stake in Wintershall Dea of 7.3 billion euros, it assumes a value of only 4.4 billion euros, wrote analyst Virginie Boucher-Ferte in a study available on Monday. Regardless, it would Monetization of the shares in the oil and gas company will eliminate a long-standing stock backlog and help finance the investments of around 25 billion euros planned for the period 2023-2027.
The BASF share was temporarily trading 3.07 percent lower at 43.21 euros via XETRA.
NEW YORK / FRANKFURT (dpa-AFX Broker)
Selected leverage products on BASF
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on BASF
The leverage must be between 2 and 20
Advertising