Arkema downgraded to Underweight from Neutral at JPMorgan

JPMorgan downgraded Arkema (ARKAY) to Underweight from Neutral with a price target of EUR 68.50, down from EUR 92. The recent weaker macro datapoints in the U.S. and the elevated uncertainty on the potential impact from trade tariffs means that the near-term earnings outlook for the European chemicals sector “has become cloudier,” the analyst tells investors in a research note.