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ubs maintains neutral rating for evonik industries with target price of 18 euros

UBS has maintained a "Neutral" rating for Evonik Industries, setting a target price of 18 euros following the fourth quarter results. Analyst Geoff Haire noted that the forecast for the 2025 operating result (EBITDA) aligns with market expectations, and the current first quarter outlook is more favorable than that of comparable companies.

UBS Cuts Evonik Target Price to 18 Euros Maintains Neutral Rating

UBS has reduced its target price for Evonik Industries AG from €22 to €18 while maintaining a "Neutral" rating. Analyst Geoff Haire anticipates the company's fourth-quarter EBITDA will fall 6 percent below consensus estimates, with the earnings report scheduled for March 5. As of the latest trading, Evonik shares are priced at €16.72, reflecting a decline of 0.92%.

Evonik Industries Maintains Neutral Rating Amid Specialty Chemicals Market Developments

UBS has maintained a neutral stance on Evonik Industries AG, a German specialty chemicals company. Evonik focuses on the development, construction, distribution, and trading of scientific equipment, chemicals, and accessories for life sciences and biotechnology.
13:42 09.12.2024

growth forecast for singapore biomaterials in healthcare market through 2033

The Singapore Biomaterials in Healthcare Market is projected to grow from USD 214.5 million in 2023 to USD 771.5 million by 2033, at a CAGR of 13.66%. Key drivers include advancements in tissue engineering and government investments, while challenges stem from high production costs and lengthy regulatory approvals. The market is segmented into metallic, polymeric, ceramic, and natural biomaterials, with orthopedics expected to dominate applications.

global pharmaceutical excipients market projected to reach 18 billion by 2033

The global pharmaceutical excipients market is projected to grow from $9.56 billion in 2023 to $18.01 billion by 2033, with a CAGR of 6.54%. Binders are the leading segment, enhancing drug formulation, while Asia-Pacific is expected to dominate market share due to cost advantages and rising healthcare demands. Europe will experience the fastest growth, driven by the influx of large pharmaceutical companies and the increasing need for innovative excipients.

ubs maintains neutral rating for evonik with target price of 22 euros

UBS has maintained a 'Neutral' rating for Evonik Industries AG, setting a price target of 22 euros. Analyst Geoff Haire anticipates a neutral reaction to the upcoming quarterly report, noting that strong cash inflow and confirmed targets are positive indicators in the current market environment. As of November 6, 2024, Evonik's stock is trading at approximately 18.665 euros, reflecting a decline of 7.14% from the previous day.
09:40 06.11.2024

global veterinary healthcare market projected to reach 270 billion by 2028

The global veterinary healthcare market is projected to grow from $192.55 billion in 2023 to $270.68 billion by 2028, with a CAGR of 7.0%. Key growth drivers include rising pet ownership, zoonotic disease prevalence, and advancements in telemedicine and genomic medicine. North America remains the largest market, while major players include Zoetis Inc. and Merck & Co.

Evonik announces additional layoffs amid ongoing restructuring efforts

Evonik is implementing another round of layoffs, affecting around 260 employees, as part of a broader restructuring plan that could lead to up to 2,000 job cuts. The company is reevaluating its keto and pharma amino acid production sites in France and China while ceasing keto acid manufacturing in Hanau, Germany, by the end of 2025. This reorganization aims to transform Evonik into a "system solutions provider" focused on advanced pharmaceutical ingredients and innovative healthcare solutions.
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