Covestro: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse reaffirms its "outperform" rating on the share of German chemical company Covestro, while raising its target price from 44 euros to 51.
5 euros, after raising its 2020 EBITDA estimates by around 9%, followed by an average of 10% for 2021 and beyond.
In particular, the broker believes that operationally, the group " has significant positive earnings momentum short term" and that strategically it " could be of interest for both financial and industry participants".
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