HAMBURG (dpa-AFX Broker) - Private bank Berenberg has raised its price target for BASF from 38 to 48 euros and upgraded the shares from "Sell" to "Hold." Analyst Sebastian Bray wrote in his reassessment on Monday evening that his previous thesis—that the Ludwigshafen-based company's shares were expensive and that short-term market expectations would decline—has now been replaced by the prospect of political support extending beyond 2026. Since his sell recommendation in mid-October last year, consensus earnings estimates have indeed dropped by about 15 percent. However, the shares have since staged a significant recovery—driven by a combination of a German fiscal package and the possible extension of free emission certificate allocations. The example of the steel sector demonstrates how far a recovery can go when backed by political support./rob/ag/zb
Original study published: 16.02.2026 / 17:46 / GMT
Initial distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
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