NEW YORK (dpa-AFX Broker) - The research firm Jefferies has lowered its target price for BASF shares from €52 to €47 and downgraded the stock from "buy" to "hold." In his reassessment published on Tuesday, Chris Counihan cut his estimates for the current year by 11 percent to the lower end of the target range. He justified this with continued weakness in the basic chemicals business. Internally, there are many positive developments in Ludwigshafen, but weak demand is too much of a drag. /ag/zb

Publication of the original study: May 19, 2025 / 1:44 p.m. ET

Original study first published: May 19, 2025 / 7:00 p.m. / ET

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