Berenberg downgraded Brenntag (BNTGY) to Hold from Buy with a price target of EUR 55, down from EUR 71. The firm believes that Brenntag will likely cut its guidance range for FY25, given heightened tensions in the Middle East, likely profit warnings from chemical manufacturers and a weak US dollar, the analyst tells investors.
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Read More on BNTGY:
- Brenntag downgraded to Underperform from Hold at Jefferies
- Brenntag price target lowered to EUR 56 from EUR 60 at JPMorgan
- Brenntag price target raised to EUR 71 from EUR 68 at Berenberg
- Brenntag price target lowered to EUR 72 from EUR 78 at Morgan Stanley
- Brenntag downgraded to Sell from Buy at DZ Bank