Morgan Stanley analyst Thomas Wrigglesworth upgraded BASF (BASFY) to Overweight from Equal Weight with a price target of EUR 54, up from EUR 46. The firm sees catalysts in the shares for a potential divestment of the Coatings unit and a free cash flow inflection.
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Read More on BASFY:
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- BASF price target lowered to EUR 52 from EUR 55 at Deutsche Bank
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