| Over a week ago | ||||
Jefferies analyst Charlie… Jefferies analyst Charlie Bentley initiated coverage of OCI with a Hold rating and EUR 30 price target. The analyst says finding the new mid-cycle level is the main challenge in for the European fertilizer stocks. The firm currently has short-term preference for potash over nitrogen. Nitrogen is "structurally challenged," with the cost curve unlikely to improve in the medium term, the analyst tells investors in a research note. | ||||
| Over a month ago | ||||
Citi analyst Mubasher… Citi analyst Mubasher Chaudhry downgraded OCI to Neutral from Buy with a EUR 31 price target. The analyst thinks the new norm for the fertilizer market could be at higher levels compared to long-run averages, especially as the Russia-Ukraine conflict lingers. However, the equity markets "have moved rapidly to reflect the price dynamics and on a point-forward basis we see little reason to get excited," the analyst tells investors in a research note. | ||||
JPMorgan analyst Chetan… JPMorgan analyst Chetan Udeshi lowered the firm's price target on OCI to EUR 36 from EUR 40 and keeps a Neutral rating on the shares. | ||||
Berenberg analyst… Berenberg analyst Sebastian Bray lowered the firm's price target on OCI to EUR 38 from EUR 47 and keeps a Hold rating on the shares. | ||||
Morgan Stanley analyst… Morgan Stanley analyst Lisa De Neve raised the firm's price target on OCI to EUR 37 from EUR 36 and keeps an Equal Weight rating on the shares. | ||||
| Over a quarter ago | ||||
JPMorgan analyst Chetan… JPMorgan analyst Chetan Udeshi downgraded OCI to Neutral from Overweight with a EUR 43.50 price target. The analyst cites the stock's strong performance and the company's "softer" Q4 outlook for the downgrade. A "seasonal lull" and "demand destruction" has meant nitrogen prices have been weaker than anticipated in the past three months, Udeshi tells investors in a research note. | ||||
Berenberg analyst… Berenberg analyst Sebastian Bray downgraded OCI to Hold from Buy with a price target of EUR 47, up from EUR 42. The analyst cites valuation for the downgrade following the more than 80% rally in shares year-to-date. | ||||
Citi analyst Mubasher… Citi analyst Mubasher Chaudhry raised the firm's price target on OCI to EUR 46 from EUR 44 and keeps a Buy rating on the shares. | ||||
Citi analyst Thomas… Citi analyst Thomas Wrigglesworth raised the firm's price target on OCI to EUR 44 from EUR 41 and keeps a Buy rating on the shares. | ||||
Berenberg analyst Adrien… Berenberg analyst Adrien Tamagno raised the firm's price target on OCI to EUR 42 from EUR 40 and keeps a Buy rating on the shares. | ||||
