(CercleFinance.com) – Lanxess fell by more than 3% in Frankfurt, penalized by a deterioration of opinion at Jefferies from ‘hold’ to ‘underperformance’ on the title of the German specialty chemicals group, with an objective of price lowered from 24 to 22 euros.
‘Although the first signs of recovery in demand represent a positive element in the short term, we believe that the risk surrounding its sustainability would imply that the financial risk would be too high,’ explains the broker.
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