SRF Ltd. shares have been downgraded by UBS from 'Buy' to 'Sell' due to concerns about the company's performance.
The downgrade is influenced by weak demand in the agrochemical sector and increased competition from Chinese manufacturers.
UBS has also revised its price target for SRF shares, indicating a potential downside of approximately 9%.
The US refrigerant gas market is facing challenges from weak demand and the growing market share of Chinese manufacturers.
UBS has adjusted its earnings per share estimates for SRF, reflecting concerns about the company's ability to navigate the current market dynamics effectively.
The downgrade by UBS has affected investor sentiment, and SRF's stock has remained relatively flat over the past year.
Analysts and investors will closely monitor SRF's ability to adapt and respond to competitive pressures.
Investors are advised to consider the insights provided by financial experts before making any investment decisions related to SRF.