NEW YORK (dpa-AFX Broker) - The analyst firm Jefferies left its rating for BASF at "Hold" with a price target of 49 euros. In the short term, falling gas prices give reason for hope regarding the profitability of the Ludwigshafen-based company's European business, analyst Chris Counihan wrote in a research note issued Tuesday. However, he still sees a significant earnings overhang at the chemicals group due to lower demand and persistently lower spreads in the chemical industry./edh/la

Publication of the original study: 09.01.2023 / 14:25 / ET

First disclosure of original study: 09.01.2023 / 19:01 / ET

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