NEW YORK (dpa-AFX Broker) – The US investment bank Morgan Stanley has downgraded BASF from “Overweight” to “Underweight” and lowered its price target from 43 to 39 euros. The cost curve poses challenges for the chemical company, analyst Charles Webb wrote in a study published on Monday, referring to energy prices and “somewhat more onerous” regulation. This will be felt in terms of profitability in the short and medium term./ajx/ag
Publication of the original study: 27.11.2023 / 04:00 / GMT
First dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Source: marketscreener.com
