Covestro: stock up on broker comments

(CercleFinance.com) - The Covestro share is up over 4% in Frankfurt on Thursday, boosted by upbeat comments from Barclays, which reiterates its "overweight" rating on the share, having raised its target price from 44 euros to 48 euros, making the German chemist its new top pick.


The broker has raised its 2021 EBITDA estimates by 11%, which is about 20% above the consensus. "This makes Covestro the stock with the best earnings revision potential in our coverage," it points out.


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