DSM: shares outperform in Amsterdam after broker comments
(CercleFinance.com) - Shares in DSM are outperforming the Dutch market on Tuesday, after UBS raised its target price for the share, ahead of the chemicals firm's upcoming Capital Markets Day.
Maintaining its "buy" rating on the stock, the Swiss broker has nudged up its target price from 95 euros to 97 euros, saying that the forthcoming event on 20 June may signal employment of the group's strong balance sheet, with UBS seeing a "2 billion euro firepower."
The share is currently up 1.1% at 88.1 euros on Euronext Amsterdam this morning.
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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.
Maintaining its "buy" rating on the stock, the Swiss broker has nudged up its target price from 95 euros to 97 euros, saying that the forthcoming event on 20 June may signal employment of the group's strong balance sheet, with UBS seeing a "2 billion euro firepower."
The share is currently up 1.1% at 88.1 euros on Euronext Amsterdam this morning.
Copyright (c) 2018 CercleFinance.com. 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.