| Over a week ago | ||||
Morgan Stanley analyst… Morgan Stanley analyst Charles Webb lowered the firm's price target on Covestro to EUR 55 from EUR 62 and keeps an Overweight rating on the shares. | ||||
| Over a month ago | ||||
UBS analyst Geoff Haire… UBS analyst Geoff Haire lowered the firm's price target on Covestro to EUR 42 from EUR 43 and keeps a Neutral rating on the shares. | ||||
JPMorgan analyst Chetan… JPMorgan analyst Chetan Udeshi lowered the firm's price target on Covestro to EUR 58.50 from EUR 62 and keeps a Neutral rating on the shares. | ||||
Deutsche Bank analyst Tim… Deutsche Bank analyst Tim Jones lowered the firm's price target on Covestro to EUR 60 from EUR 72 and keeps a Buy rating on the shares. | ||||
Societe Generale analyst… Societe Generale analyst Thomas Swoboda lowered the firm's price target on Covestro to EUR 45 from EUR 56 and keeps a Hold rating on the shares. | ||||
Stifel analyst Andreas… Stifel analyst Andreas Heine downgraded Covestro to Hold from Buy with a price target of EUR 53, down from EUR 72. The analyst says geopolitical tensions and the deteriorating macroeconomic environment will put pressure on the European chemicals sector. | ||||
Baader Helvea analyst… Baader Helvea analyst Markus Mayer downgraded Covestro to Add from Buy with a price target of EUR 53, down from EUR 75. The analyst has become more negative on the chemicals sector saying the chemical cycle will end earlier than previously expected because of the direct and indirect effects of the war in Ukraine. | ||||
| Over a quarter ago | ||||
Deutsche Bank analyst Tim… Deutsche Bank analyst Tim Jones lowered the firm's price target on Covestro to EUR 72 from EUR 74 and keeps a Buy rating on the shares. | ||||
Morgan Stanley analyst… Morgan Stanley analyst Charles Webb lowered the firm's price target on Covestro to EUR 62 from EUR 64 and keeps an Overweight rating on the shares. | ||||
The board of management… The board of management of Covestro AG - "in light of the successful business development" - resolved on a share buyback program. The program amounts to a total volume of approximately EUR 500M without ancillary transaction costs and shall be concluded within two years. "Generally, the repurchased shares are subsequently to be cancelled and the share capital is to be reduced accordingly. The share buyback program is based on the authorization by the Annual General Meeting of Covestro AG on April 12, 2019, authorizing the Board of Management to purchase up to 10 percent of the company's share capital until April 11, 2024," the company stated. Reference Link | ||||
