Exane BNP Paribas analyst Laurent Favre downgraded BASF to Neutral from Outperform with a EUR 51 price target. The analyst views the stock’s current valuation as fair and says its confidence in the sustainability of the dividend is at its lowest since the beginning of the war.
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Read More on BASFY:
- BASFY Earnings this Week: How Will it Perform?
- BASF price target lowered to EUR 61 from EUR 68 at Barclays
- BASF price target lowered to EUR 50 from EUR 54 at Berenberg
- BASF reports preliminary Q2 sales EUR 17.3B, EBIT before special items EUR 1B
- BASF reduces 2023 outlook, now sees sales EUR 73B- EUR 76B
