Syensqo: UBS remains positive, but lowers TP
(CercleFinance.com) - UBS reaffirms its 'buy' recommendation on Syensqo shares, with a target price lowered from E119 to E113, which leaves 38% upside potential for the stock, pending the Belgian specialty chemicals company's Q2 results.
"Our Q2 EBITDA forecast is 2% above cons and we believe there is upside to FY24 net price guidance. 33% EV/EBITDA discount to peers continues to look too wide," it adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
"Our Q2 EBITDA forecast is 2% above cons and we believe there is upside to FY24 net price guidance. 33% EV/EBITDA discount to peers continues to look too wide," it adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.