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Fly News Breaks for July 5, 2019
BASFY
Jul 5, 2019 | 07:47 EDT
Goldman Sachs analyst Georgina Iwamoto moved from Not Rated to a Neutral rating on BASF, telling investors that she believes the implied second half EBIT growth required to meet the company's guidance will be challenging and she sees increased odds of a guidance reduction, though she also thinks the market is "relatively well-prepared" for such a guidance cut. Iwamoto forecasts FY19 adjusted EBIT to be down 10% year-over-year, which compares to guidance for growth of 1%-10%. She set a price target of EUR71 on BASF shares.
News For BASFY From the Last 2 Days
BASFY
Apr 15, 2024 | 05:38 EDT
Kepler Cheuvreux analyst Christian Faitz upgraded BASF to Buy from Hold.
