In a report released yesterday, Georgina Fraser CFA from Goldman Sachs downgraded Clariant AG to a Hold, with a price target of CHF9.00.
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Georgina Fraser CFA’s rating is based on a combination of factors that have influenced Clariant AG’s recent performance and future outlook. The company’s second-quarter results showed a slight improvement over market expectations, primarily due to a strong performance in its Catalysts segment. However, this was somewhat offset by weaker-than-expected results in the Care Chemicals division.
Additionally, the company’s growth prospects appear to be constrained by ongoing litigation issues, which create an overhang on its stock. These factors, combined with a revised price target that reflects a more cautious view of the company’s future performance, have led to the Hold rating. The decision to downgrade from a previous Buy recommendation indicates a more neutral stance on the stock’s potential for significant appreciation in the near term.
According to TipRanks, Fraser CFA is a 3-star analyst with an average return of 3.0% and a 52.41% success rate. Fraser CFA covers the Basic Materials sector, focusing on stocks such as Umicore SA, BASF SE, and Croda International.
In another report released on August 2, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a CHF9.00 price target.