BASF : UBS raises target price

(CercleFinance.com) - Maintaining its 'buy' recommendation on BASF shares, UBS has raised its target price for them from E56 to E61, a new target that offers 15% upside potential for the German chemicals giant's stock.


The broker expects Q1 results to show clear signs of improving demand, with spot spreads expected to be favourable from Q2 onwards, with its forecast 9% above consensus for 2024 EBITDA.


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.