BASF: on the rise, one analyst's opinion on the stock

(CercleFinance.com) - BASF gained almost 1% in Frankfurt, as Stifel announced this morning that it was maintaining its buy rating on the stock, with an unchanged target price of €58.


The analyst believes that the fourth quarter 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 had seemed ambitious when the third-quarter results were presented", reports the broker.

Against this backdrop, BASF confirmed that it expects the Agro division's EBITDA to increase year-on-year 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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