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BASFY

BASF

$0.00

(0.00%)

13:48
07/08/19
07/08
13:48
07/08/19
13:48

BASF to reduce 6,000 positions worldwide by end of 2021

BASF said it is "systematically implementing the measures announced in connection with its strategy, especially regarding portfolio management and cost reduction." It added, "The ongoing excellence program is expected to deliver a positive contribution to EBITDA of EUR $2 billion annually from the end of 2021 onward. In total, BASF is planning a reduction of around 6,000 positions worldwide by the end of 2021."

  • 25

    Sep

BASFY BASF
$0.00

(0.00%)

06/14/19
DZBN
06/14/19
DOWNGRADE
DZBN
Hold
BASF downgraded to Hold from Buy at DZ Bank
DZ Bank analyst Peter Spenglerdo downgraded BASF to Hold from Buy and lowered his price target for the shares to 63 euros from 76 euros.
07/05/19
GSCO
07/05/19
INITIATION
GSCO
Neutral
BASF initiated with a Neutral at Goldman Sachs
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.
07/05/19
07/05/19
NO CHANGE

Fly Intel: Top five analyst actions
Catch up on today's top five analyst actions with this list compiled by The Fly: 1. Teva (TEVA) upgraded to Buy from Hold at Argus with analyst Jason McCarthy saying the company has been making progress in resolving its "numerous challenges" of the past several years. 2. Senseonics (SENS) downgraded to Market Perform from Outperform at Raymond James with analyst Jayson Bedford stating the company's "persistent headwinds" leave him "less patient" with respect to the shares. 3.Omnova Solutions (OMN) downgraded to Hold from Buy at Deutsche Bank with analyst David Begleiter saying he believes Synthomer paid a "fair but full price" to acquire Omnova and that a competing bidder is unlikely to emerge. 4. Mercer (MERC) downgraded to Neutral from Outperformer at CIBC. 5. BASF (BASFY) initiated with a Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/08/19
07/08/19
NO CHANGE

BASF says industrial production 'significantly weaker-than-expected'
BASF said in a statement, "Significantly weaker-than-expected industrial production negatively impacted volumes and margin development at BASF. At around 1.5% according to current estimates, growth in industrial production in the first half of 2019 was much slower than expected. The downturn in growth in the global automotive industry was particularly strong: Globally, production declined by around 6% in the first half of 2019. In China, the world's largest automotive market, the decrease was more than twice as high, at around 13%. The weak development of the agricultural sector in North America was an additional burden: Due to difficult weather conditions, the planting of key field crops in the region was down from the previous year and far below the historical average. The decrease in earnings prospects for farmers and the trade disputes led to lower demand for crop protection products. To date, the conflicts between the United States and its trading partners, particularly China, have not eased - contrary to what was assumed in the BASF Report 2018. In fact, the G20 summit at the end of June has shown that a rapid detente is not to be expected in the second half of 2019. Overall, uncertainty remains high."

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AMAT

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MU

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KEYS

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BYND

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SBNY

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USB

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MA

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T

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LGF.A

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DIS

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EFX

Equifax

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CBS

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NFLX

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JNJ

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MRKR

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RDY

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  • 29

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KLAC

KLA-Tencor

$131.95

-1.5 (-1.12%)

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LRCX

Lam Research

$198.43

0.19 (0.10%)

16:33
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  • 31

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MRVL

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KEYS

Keysight Technologies

$87.43

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MU

Micron

$45.51

0.85 (1.90%)

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TCEHY

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USB

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CMG

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BYND

Beyond Meat

$176.65

6.28 (3.69%)

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