Wacker Chemie assumed at Neutral from Outperform at Credit Suisse

Credit Suisse analyst Jean-Baptiste Rolland downgraded Wacker Chemie to Neutral from Outperform with a price target of EUR 160, up from EUR 140, as he assumed primary coverage of the stock. His target increase reflects higher long-term growth prospects, but in the near-term he expects polysilicon EBITDA to decline on large supply additions in solar-grade applications.