The US analysis company Bernstein Research has raised the price target for BASF from 87 to 88 euros and left the rating at “Outperform”. Chemical companies are likely to continue to pass on the rapidly rising raw material and energy prices to customers in 2022, wrote analyst Gunther Zechmann in an industry study available on Monday. Among the consumer-related industry stocks, Evonik and Croda are best positioned here, but the fragrance and flavor manufacturer IFF is also doing well. Among the industrial chemical groups, the analyst highlights Akzo Nobel and BASF.
In XETRA trading, the BASF share temporarily rose by 0.52 percent to EUR 52.29.
/mis/tih
Publication of the original study: 06/06/2022 / 01:43 / UTC
First distribution of the original study: 06/06/2022 / 03:15 / UTC
———————–
dpa-AFX Broker – the trader news from dpa-AFX
———————–
NEW YORK (dpa-AFX Broker)
Leverage must be between 2 and 20
No data
More news about BASF
Image sources: BASF, BASF SE