Arkema: Stifel maintains buy rating, cuts target price

(CercleFinance.com) - Stifel reinstates its "buy" rating on Arkema shares, while reducing its target price for them from 139 euros to 123 euros, deciding to apply peer multiples instead of the chemical group's historical multiples in its valuation.


"Q2 should be again strong and beating expectations," the broker says, which has raised its 2022 EBITDA estimate to 2.2 billion euros, although has left its earnings forecast for 2023 virtually unchanged.


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