(CercleFinance.com) – Barclays raises its recommendation on Lanxess to ‘weight online’ to ‘overweight’ with a price target raised from 60 to 70 euros, after a weak year 2021 for the German specialty chemicals group.
‘We see an attractive setup for the stock to outperform this year on the basis of higher and more predictable earnings growth as well as significant optionality, some of which looks set to materialize this year,’ the broker said. .
Copyright © 2022 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute decision support for investors. Cercle Finance cannot be held liable directly or indirectly following the use of information and analyzes by readers. It is recommended that anyone who is not informed to consult a professional adviser before any investment. This indicative information in no way constitutes an invitation to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
