Accueil > Actualité
Actualite financiere : Actualite bourse

BASF: UBS a seller, cuts TP

( - UBS reiterates its Sell rating on the BASF stock, lowering its target price for it to E37 (from E40) ahead of the group's publication of its Q3 2023 results (31 October).

The analyst believes that weak volumes and pressure on margins will continue.

"We cut 2023E EBIT by 4% and are 8% below consensus", UBS says.

For the record, BASF reduced its forecasts for FY 2023 at the end of July. It is now targeting sales of E73bn to E76bn (vs. E84bn to E87bn previously), with EBIT before extraordinary items E4bn to E4.4bn (vs. E4.8bn to E5.4bn).

Copyright (c) 2023 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.