(CercleFinance.com) – The stock rose by more than 6% after Berenberg’s positive analysis. The analysis office announced on Tuesday that it had initiated coverage of the Syensqo stock with a purchase recommendation and a price target of 117 euros.
From the analyst’s point of view, the split with Solvay represents the culmination of the process which has continued to characterize the chemical industry over the last ten years, namely that of a gradual shift from traditional markets towards the so-called segments ‘specialty’, generating greater profitability, cash flow and stock market valuation.
Beyond these purely sectoral considerations, the intermediary nevertheless believes that Syensqo offers investors a ‘rare’ lever with a view to positioning themselves on a specialist in specialty chemicals with a cutting-edge portfolio.
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