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LANXESS (LNXSF) Received its Third Buy in a Row

After Jefferies and Kepler Capital gave LANXESS (Other OTC: LNXSF) a Buy rating last month, the company received another Buy, this time from Warburg Research. Analyst Oliver Schwarz maintained a Buy rating on LANXESS today and set a price target of EUR85.00. The company’s shares closed last Wednesday at $62.00.

Schwarz has an average return of 4.6% when recommending LANXESS.

According to TipRanks.com, Schwarz is ranked #2454 out of 7760 analysts.

LANXESS has an analyst consensus of Strong Buy, with a price target consensus of $79.99, which is a 31.4% upside from current levels. In a report issued on January 14, Kepler Capital also maintained a Buy rating on the stock with a EUR86.00 price target.

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The company has a one-year high of $80.20 and a one-year low of $56.90. Currently, LANXESS has an average volume of 4,116.

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LANXESS AG is a holding company, which engages in the provision of specialty chemicals. It operates through the following segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, High Performance Materials, and Arlanxeo. The Advanced Intermediates segment consists of industrial chemical intermediates and a key player in the custom synthesis, and manufacturing of chemical precursors and specialty active ingredients. The Specialty Additives segment focuses on specialty additive chemicals. The Performance Chemicals segment covers application-oriented process, and functional chemicals operations. The High Performance Materials segment represents plastic activities in the engineering materials. The Arlanxeo segment refers to synthetic rubber activities. The company was founded on July 1, 2004 and is headquartered in Leverkusen, Germany.

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