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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