UBS double upgraded BASF to Buy from Sell with a price target of EUR 55, up from EUR 40. The analyst believes BASF will outperform the broader chemicals sector as the upstream chemicals cycle inflects in fiscal 2024. The firm says the cycle turning supports retaining premium shareholder returns.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BASFY:
- BASF ECMS signs agreement to acquire Arc Metal
- BASF downgraded to Underweight from Equal Weight at Morgan Stanley
- BASF downgraded to Underperform from Hold at Jefferies
- BASF opens the door for career paths in modern manufacturing with new apprenticeship opportunities
- BASF price target raised to EUR 46 from EUR 45 at Berenberg