UBS Maintains Buy Rating for Brenntag with Target Price of 80 Euros

UBS AG has reiterated its "Buy" rating for Brenntag SE with a target price of 80 euros.

According to analyst Geoff Haire, ongoing discussions in the European chemical industry are focused on the potential impact of increased Russian gas supplies to Europe. The analyst suggests that a ceasefire between Russia and Ukraine could lead to lower gas prices, reducing the risk premium and boosting exports.

In this scenario, companies such as BASF, Covestro, Lanxess, and Yara are expected to benefit the most from the anticipated changes in the gas market. The analysis, published on December 8, 2024, reflects the current sentiment and strategic outlook within the sector.

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