Stifel analyst Andreas Heine downgraded Arkema to Hold from Buy with a price target of EUR 102, down from EUR 106. The stock has upside based on SOTP and DCF valuations, but Heine does not expect it to decouple much from historical multiples at a time of a material earnings drop from the elevated 2022 level, the analyst tells investors in a research note.
Published first on TheFly
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