Brenntag downgraded to Underperform from Hold at Jefferies

Jefferies downgraded Brenntag (BNTGY) to Underperform from Hold with a price target of EUR 53, down from EUR 63. The firm adjusted ratings in European chemicals, saying it continues to favor consumer ingredients while seeing a challenged outlook for diversified names. Ingredients companies should again deliver good organic sales growth in second half of 2025, the analyst tells investors in a research note.