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EMS-Chemie downgraded to Sell from Hold at Berenberg

Berenberg analyst Aron Ceccarelli downgraded EMS-Chemie (EMSHF) to Sell from Hold with a price target of CHF 491, down from CHF 634. The the current slowdown in business momentum that the company is experiencing will result in a guidance cut, the analyst tells investors in a research note.

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