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BASF Shares Surge on Analyst Upgrades and Positive Market Outlook
BASF shares have shown strong momentum, rising 3.4% to €45.47 following an upgrade from Warburg Research, which raised its target price to €52.60. UBS maintains a "Neutral" rating with a target of €47, highlighting the company's potential benefits from lower gas prices and a recovering Chinese market. Despite recent gains, the stock remains about 20% below its 52-week high of €54.93.
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