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BASF forecasts lower sales and earnings for 2024 amid market challenges
BASF SE is projected to report a decline in sales for 2024, expected at EUR 65.3 billion, down from EUR 68.9 billion in 2023. While EBITDA is anticipated to slightly exceed analyst estimates at EUR 7.9 billion, EBIT is forecasted at EUR 2.0 billion, significantly below the consensus of EUR 3.2 billion due to non-cash impairments and restructuring costs. The company's full financial results will be released on February 28, 2025.
3M shares recommended for buy as turnaround shows positive results
Raiffeisen Bank International AG analyst Gregor Koppensteiner maintains a buy recommendation for 3M Company, raising the price target to USD 165.00 following a strong quarterly report and improved profit forecasts. The company's reorganization and diversified operations position it well, despite potential risks from PFAS lawsuits.
Barrick Gold shares recommended for purchase despite recent challenges
Barrick Gold Corp. remains a buy recommendation from Raiffeisen Bank International AG, despite recent challenges including issues in Mali, mixed Q3 results, and a declining gold price due to the US election. Analyst Gregor Koppensteiner has lowered the price target to CAD 30, citing the company"s sustainability efforts, low debt, and moderate valuation as factors that could drive future growth.