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:
- BASF reports preliminary Q2 sales down 2.1% to EUR 15.77B
- BASF cuts 2025 EBITDA outlook on geopolitical uncertainties
- BASF price target lowered to EUR 52 from EUR 55 at Deutsche Bank
- Food, agriculture leaders warn of MAHA’s overreach, WSJ reports
- BASF starts $6.8B sale of its coatings business, Bloomberg reports