Syensqo: Deutsche Bank a buyer again

(CercleFinance.com) - On Monday Deutsche Bank upgraded shares of Belgian chemicals group Syensqo (formerly Solvay) from "hold" to "buy".
CP: +3.4%.

Deutsche Bank, which downgraded the stock in October due to price and automotive market issues, notes that its share price has since fallen by 12%, against a backdrop of economic fears and market volatility.

While Syensqo published better-than-expected Q3 results, the broker believes that the share has now become "too cheap", seeing 24% upside potential in its unchanged price target of E87.


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