UBS maintains neutral rating for Covestro with target price of 62 euros

UBS has given Covestro a "Neutral" rating with a target price of 62 euros.

The market is not expected to react significantly to this decision, considering Covestro's recent financial performance.

The ongoing takeover by Adnoc is the main focus, as it is likely to impact investor sentiment and market dynamics for Covestro.

This report, published on October 29, 2024, reflects UBS's cautious stance in light of evolving corporate developments.

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