Berenberg analyst Sebastian Bray downgraded Solvay (SLVYY) to Sell from Hold with a price target of EUR 24, down from EUR 28. The firm says import-export data for the Chinese market suggests growing role for large China soda ash projects, which, when combined with soft demand, will weigh on Solvay’s shares.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLVYY: