Deutsche Bank Research downgrades BASF to Hold, cuts price target to €53 on Evonik deal uncertainty

Deutsche Bank Research analyst Virginie Boucher-Ferte downgraded BASF shares to 'Hold' from 'Buy' and cut the price target to €53 from €60, citing uncertainty and execution risks around BASF's intended acquisition of Evonik. The analyst noted the deal could make strategic and financial sense long term but flagged the complexity of a deal of this scale.

Detected & updated continuously · Source: Nebula