UBS AG has maintained a "Neutral" rating on Bayer shares with a target price of 22 euros, highlighting potential benefits for the chemical sector if Russian gas returns to Europe. Bayer shares rose 0.3% to EUR 20.08, indicating a 9.59% upside potential, despite a 40.1% decline since the start of 2024. The company is set to release its Q4 2024 financial results on March 5, 2025.
UBS AG has maintained a "Neutral" rating for BASF shares with a target price of 47 euros, highlighting the potential benefits for the chemical sector if Russian gas supplies to Europe increase. The BASF share rose by 3.0 percent to EUR 45.30, indicating room for improvement against the target price. The company is set to present its Q4 2024 key figures on February 28, 2025.
UBS has maintained a "Buy" rating for Brenntag SE, setting a target price of 80 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lead to increased gas exports to Europe, significantly lowering gas prices and benefiting companies like BASF, Covestro, and Lanxess.
China and the US were absent from treaty discussions on production limits, with the US likely shifting its stance post-Trump's victory. The petrochemical industry, heavily represented at the talks, opposes ambitious treaty measures, focusing instead on waste management while ignoring the need for production caps, which could exacerbate plastic pollution and health risks. As fossil fuel demand declines, plastics are seen as a profitable alternative, raising concerns about environmental and health impacts.
UBS has maintained a "Neutral" rating on BASF with a target price of 47 euros, citing a short-term lack of growth prospects. At a recent investor event, BASF expressed confidence in achieving its annual EBITDA target of 1.7 billion euros, according to analyst Geoff Haire.
UBS has maintained a "Neutral" rating on BASF with a target price of 47 euros. Analyst Geoff Haire noted the chemical group's confidence in achieving its annual EBITDA target of 1.7 billion euros, although he highlighted a lack of short-term growth prospects.
UBS has maintained a "Neutral" rating on BASF, setting a target price of 47 euros. At a recent investor event, BASF expressed confidence in achieving its annual EBITDA target of 1.7 billion euros, although analysts note a lack of short-term growth prospects.
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