Morgan Stanley analyst Jonathan Chung upgraded Lanxess to Overweight from Equal Weight with a price target of EUR 54, up from EUR 41, as he assumed coverage of the stock. An inflection in free cash flow conversion and returns from FY23 will differentiates Lanxess from peers as it "shifts to harvest mode," Chung tells investors.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on LNXSF: