UBS has maintained a "Buy" rating for Wacker Chemie while reducing its price target from EUR 110 to EUR 102. Analyst Geoff Haire anticipates fourth-quarter operating earnings (EBITDA) to be 8% below consensus, as noted in his outlook ahead of the March 12 report.
UBS Lowers Wacker Chemie Price Target to 102 Euros While Maintaining Buy Rating
UBS has reduced its price target for Wacker Chemie from €110 to €102 while maintaining a "Buy" rating. Analyst Geoff Haire anticipates fourth-quarter operating earnings (EBITDA) to be 8% below consensus, as noted in his outlook ahead of the report scheduled for March 12. As of December 18, Wacker Chemie's stock is trading at €68.50, reflecting a decline of 1.18%.
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%.
UBS Maintains Sell Rating for K+S with Target Price of 10 Euros
UBS AG has maintained a "Sell" rating for K+S, setting a target price of 10 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, which would benefit companies like BASF, Covestro, and Lanxess.
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.
UBS Maintains Neutral Rating on Covestro with Target Price of 62 Euros
UBS has maintained a "Neutral" rating for Covestro, setting a target price of 62 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, which would benefit companies like Covestro, BASF, and Lanxess.
UBS Maintains Buy Rating for Symrise with Price Target of 138 Euros
UBS AG maintains a "Buy" rating for Symrise shares with a price target of €138, despite a recent 0.5% decline to €102.25. Analyst Geoff Haire notes that a potential ceasefire in Ukraine could lower gas prices, benefiting companies like BASF and Covestro, while Symrise's stock has risen 3.7% since the start of 2024. Q4 2024 results are set to be released on March 27, 2025.
UBS Maintains Neutral Rating on Covestro with Target Price of 62 Euros
UBS AG has maintained a "Neutral" rating for Covestro, setting a target price of 62 euros. Analyst Geoff Haire noted that a potential ceasefire between Russia and Ukraine could lower gas prices, benefiting companies like Covestro in the European chemical sector. As of the latest trading, Covestro shares rose by 0.2% to EUR 57.94, reflecting a 10% gain since the start of 2024.
UBS Maintains Neutral Rating for Linde Amid European Gas Market Speculations
UBS has maintained a "Neutral" rating for Linde PLC with a target price of $505. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lower gas prices significantly, benefiting companies like BASF, Covestro, Lanxess, and Yara in the European chemicals sector.
UBS Maintains Buy Rating for Air Liquide with Target Price of 195 Euros
UBS has maintained a "buy" rating for Air Liquide with a target price of 195 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lower gas prices significantly, benefiting companies like BASF, Covestro, Lanxess, and Yara in the European chemical sector.
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