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Scotiabank downgrades Braskem SA (BAK) to a Sell

Braskem SA (BAKResearch Report) received a Sell rating and price target from Scotiabank analyst Ben Isaacson today. The company’s shares opened today at $13.49.

According to TipRanks, Isaacson is a 4-star analyst with an average return of 15.9% and a 60.27% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as CF Holdings, Braskem SA, and Methanex.

The analyst consensus on Braskem SA is currently a Moderate Sell rating.

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BAK market cap is currently $5.75B and has a P/E ratio of 1.94.

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Braskem SA manufactures petrochemicals and other related products. It operates through the following business segments: Chemicals, Polyolefins, Vinyls, the U. S. and Europe, and Braskem Idesa. The company was founded in 1979 and is headquartered in Butanta, Brazil.

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