Jefferies downgraded BASF (BASFY) to Hold from Buy with a price target of EUR 47, down from EUR 52. The firm believes global chemical utilization rates are likely to remain soft.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BASFY:
- Trump officials pushback on RFK Jr.’s attack on pesticides, WSJ reports
- BASF price target lowered to EUR 40 from EUR 45 at JPMorgan
- BASF price target lowered to EUR 44 from EUR 45 at Berenberg
- BASF price target lowered to EUR 46 from EUR 48 at Morgan Stanley
- BASF SE Navigates Challenges with Strategic Investments