DSM: Credit Suisse upgrades stock

(CercleFinance.com) - Credit Suisse has upgraded its rating on the share of Dutch chemicals group DSM from "neutral" to "outperform," having increased its corresponding target price from 141 euros to 154 euros, after it increased its estimates by 1%-2% over its forecast period.


In particular, the broker points out "its ability to sustainably outgrow Nutrition markets", along with "higher near-term earnings growth" and " midterm organic growth similar to peers".

The share is up over 2% in late morning trading on Wednesday.


Copyright (c) 2021 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.