Jefferies has downgraded its BASF shares from 'buy' to 'hold', while reducing its target price for them from €52 to €47, after its reduced its estimates to 11% below the lower end of the German chemical group's target range.

While internal changes at BASF are positive (asset disposals, etc.), the negative earnings momentum due to spread and demand challenges is too much of a headwind, the broker said.


Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses provided by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held liable, directly or indirectly, for the use of such information and analysis by readers. Anyone who is not an expert in the field should consult a professional advisor before investing. This information is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy.