BASF: Stifel still a buyer
(CercleFinance.com) - Stifel maintains its Buy rating on BASF shares, with an unchanged target price of E58.
The analyst believes that Q4 has so far been in line with expectations, with EBITDA up on the usual seasonal trend.
CEO Markus Kamieth emphasized that he was pleased not to have changed forecasts, which seemed ambitious at the time of Q3 results, the broker says.
Against this backdrop, BASF confirmed that it expects the Agro division's EBITDA to increase y-o-y in 2025.
In addition, the Coatings division is progressing well with its exit strategy by mid-year, and for which BASF is looking for buyers.
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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 analyst believes that Q4 has so far been in line with expectations, with EBITDA up on the usual seasonal trend.
CEO Markus Kamieth emphasized that he was pleased not to have changed forecasts, which seemed ambitious at the time of Q3 results, the broker says.
Against this backdrop, BASF confirmed that it expects the Agro division's EBITDA to increase y-o-y in 2025.
In addition, the Coatings division is progressing well with its exit strategy by mid-year, and for which BASF is looking for buyers.
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.