ubs maintains neutral rating on basf with target price of 47 euros

UBS AG has given BASF a "Neutral" rating and set a target price of 47 euros for the chemical company.

According to analyst Geoff Haire, BASF expressed confidence in achieving its annual operating profit (EBITDA) target of 1.7 billion euros during a recent investor event.

However, UBS's recommendation reflects concerns about the company's short-term growth prospects. The analysis, which was published on November 22, 2024, highlights UBS's cautious stance on BASF's future performance in the market.

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