Lanxess: Stifel confirms TP and buy rating
(CercleFinance.com) - Stifel confirms its Buy rating on Lanxess shares, with an unchanged target price of E31.
The broker believes that Q2 results are at a sustainable earnings level under current market conditions, following the end of Lanxess' destocking.
The exchange rate for H2 2024 translates into an annualised EBITDA of around E0.7bn.
The analyst says that, without macroeconomic tailwinds, the current consensus for fiscal 2025 will be reached.
FCF for FY 2024 is likely to be just around zero, although is expected between E150m and E200m for FY 2025, Stifel concludes.
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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.
The broker believes that Q2 results are at a sustainable earnings level under current market conditions, following the end of Lanxess' destocking.
The exchange rate for H2 2024 translates into an annualised EBITDA of around E0.7bn.
The analyst says that, without macroeconomic tailwinds, the current consensus for fiscal 2025 will be reached.
FCF for FY 2024 is likely to be just around zero, although is expected between E150m and E200m for FY 2025, Stifel concludes.
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.