Brenntag upgraded to Equal Weight from Underweight at Barclays

Barclays analyst Alex Stewart upgraded Brenntag (BNTGY) to Equal Weight from Underweight with a price target of EUR 70, down from EUR 75. The firm says that while the “rapid increase” in bond yields has turned investors off to growth stocks, this “is exactly when investors should be looking for opportunities” in the European chemicals and ingredients group.