ZURICH (dpa-AFX Broker) - Swiss bank Credit Suisse has double downgraded BASF to "underperform" from "outperform" and lowered its price target to 46 euros from 61 euros. Analyst Samuel Perry now favors the plastics group's shares with a new "Outperform" rating, according to a report available Friday. He does not expect a significant improvement in capacity utilization at BASF until at least fiscal 2024. Perry cut his operating earnings estimates by an average of 14 percent through 2024./ag/ajx

Original study publication date: Jan. 20, 2023 / 05:30 / UTC

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