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Arkema: Credit Suisse raises target price

( - A Credit Suisse analyst this morning said that he has raised his target price for the Arkema share from 90 euros to 95 euros (current price: -1% at just over 81 euros).

"We believe Arkema still represents one of the cheapest cyclicals across the European Chemical sector, with a gradually improving portfolio mix and a focus on increasing shareholder returns," the broker says.

Credit Suisse therefore confirms its "Outperform" rating on the stock.

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