MUNICH (dpa-AFX) – According to figures, Baader Bank has left Covestro on “Add” with a price target of 53 euros. The chemical company performed better than expected, wrote analyst Konstantin Wiechert in an initial reaction on Thursday. Above all, the operating cash flow (FOCF) is above the company’s planning. The middle of the target range for the operating result (Ebitda) in the current year remains below the consensus estimate. But that’s not a big disappointment. However, the target for the current quarter indicates that business in February and March has developed weaker again or is likely to be canceled./gl/bek
Publication of the original study: February 29, 2024 / 07:44 / CET
First-time distribution of the original study: date not specified in study / time not specified in study / time zone not specified in study
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