Price targets

Analyst ratings

9 analysts rated this company in the past 90 days. The average target price is €47.11, this is a change of +9.1% compared to the current price.

• September 29, 2025

  Deutsche Bank Research maintains BASF's 'Buy' rating - target €50

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained BASF's "Buy" rating with a price target of €50. The quarterly figures due at the end of October are expected to show an eight percent decline in operating earnings (EBITDA), Virginie Boucher-Ferte wrote in an outlook published on Monday. She expects the company's annual targets to be confirmed and largely maintains its EBITDA forecasts through 2027. The expert continues to expect the business to bottom out in 2025 and reminded everyone of the Capital Markets Day on October 2nd./gl/edh

  Publication of the original study: September 29, 2025 / 8:02 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 26, 2025

  UBS maintains BASF at 'Neutral' - Target 45 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" ahead of third-quarter results, with a price target of €45. Geoff Haire, in his outlook published on Monday, estimated operating profit six percent below the analyst consensus. In addition to the results, he also referred to a capital markets day next week that will focus on the traditional chemicals business. The focus would then be on topics such as the future of the market in Europe and capacity planning./rob/tih/ag

  Publication of the original study: September 26, 2025 / 4:43 PM / GMT

  First distribution of the original study: September 26, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 22, 2025

  Jefferies lowers target for BASF to 45 euros - 'Hold'

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies lowered its price target for BASF from €47 to €45, but maintained its "Hold" rating. Analyst Chris Counihan cut his operating earnings estimates from 2026 onward by an average of 8 percent. He justified this on Monday with a combination of weak end markets, low profitability in the basic chemicals business, and presumably little boost from Chinese production./rob/ag/stk

  Publication of the original study: September 22, 2025 / 12:16 PM / Time zone not specified in the study

  First distribution of the original study: September 22, 2025 / 7:00 PM / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 16, 2025

  Berenberg maintains BASF on 'Hold' - target 44 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for BASF after an investor event, with a price target of €44. According to CEO Markus Kamieth, the chemical company's business continues to be subject to an unpredictable "stop-and-go" pattern against the backdrop of a "sideways" economic environment – with no obvious impetus for an improvement in demand, Sebastian Bray wrote in a study released Wednesday. However, the manager's outlook was not entirely without short- and long-term optimism./rob/edh/tav

  Publication of the original study: September 16, 2025 / 4:56 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 16, 2025

  Warburg Research raises target for BASF to €46 - 'Hold'

  HAMBURG (dpa-AFX Analyser) - The analyst firm Warburg Research has raised its price target for BASF from 45 to 46 euros due to revised estimates and left the rating at "Hold". After the chemical company's rather disappointing first half of the year, Oliver Schwarz wrote in an assessment released Tuesday that he does not expect any improvement in the third quarter compared to the previous quarter./rob/gl/tav

  Publication of the original study: September 16, 2025 / 8:15 a.m. / Time zone not specified in study. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 12, 2025

  UBS maintains BASF at 'Neutral' - Target 45 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" with a price target of €45. In an industry study released Monday, Geoff Haire examined the positioning of US investors in the chemicals sector. The focus is on earnings risks for fiscal year 2025 and potential drivers for an earnings recovery in the coming fiscal year. Investors appeared to doubt the industry's ability to achieve revenue growth and double-digit earnings growth in 2026./tih/gl

  Publication of the original study: September 12, 2025 / 3:37 PM / GMT. First distribution of the original study: September 12, 2025 / 3:37 PM / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 12, 2025

  Bernstein maintains BASF's 'Outperform' rating - target €51

  NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research has maintained its rating for BASF at "Outperform" with a price target of €51. James Hooper continues to believe a ceasefire in the Ukraine war in the next six months is more likely than none, albeit with a 55 percent to 45 percent margin, down from 65 percent to 35 percent. Nevertheless, the prospect of a ceasefire and possible peace remains an important reason for chemical companies to continue investing. Lower energy prices would then be just as positive as increasing industrial activity. Overall, the expert prefers gas companies in his study published Wednesday, while highlighting BASF as a positive outside of these./mis/mne

  Publication of the original study: August 12, 2025 / 5:15 p.m. / UTC

  First distribution of the original study: August 13, 2025 / 4:01 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 6, 2025

  JPMorgan maintains BASF at 'Underweight' - target 40 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BASF at "Underweight" with a price target of €40. According to a study released Thursday, Chetan Udeshi still sees little reason to invest in the chemical company's stock. In the short term, demand remains weak, and prices and margins remain under pressure due to an acute oversupply in the industry for most raw materials. In addition, BASF is one of the "least attractive companies" in the industry with regard to dividend coverage./rob/ck/jha/

  Publication of the original study: August 6, 2025 / 7:26 PM / BST

  First distribution of the original study: August 7, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 5, 2025

  Bernstein lowers target for BASF to 51 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research lowered its price target for BASF from €53 to €51 in light of the recently released final quarterly figures. However, the rating was maintained at "Outperform." James Hooper wrote in a follow-up report released Wednesday that he is now somewhat more pessimistic regarding the development of the Verbund site in Zhanjiang, China. While the implementation of this complex project is proceeding according to plan, overcapacity in the local market and the construction costs expected until 2026 could impact the project's profitability./la/bek

  Publication of the original study: August 5, 2025 / 2:49 PM / UTC

  First distribution of the original study: August 6, 2025 / 4:00 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  Goldman lowers target for BASF to 53 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for BASF from €54 to €53 following the company's second-quarter results, while maintaining its "Buy" rating. Georgina Fraser slightly lowered its estimate for adjusted operating profit (EBITDA) in a study released Friday due to weaker-than-expected chemical activities and start-up costs in China. The latter would now be weighted more heavily towards the second half of the year than in their previous model./tih/mis

  Publication of the original study: July 31, 2025 / 5:27 p.m. / GST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  Deutsche Bank Research maintains BASF's 'Buy' rating - target 52 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for BASF following detailed quarterly figures, with a price target of €52. The more value-added-intensive Ag Solutions and Surface Tech divisions clearly exceeded expectations, wrote Virginie Boucher-Ferte in a study released Thursday. In contrast, Chemicals, Industrial Solutions, and other segments of the chemicals group disappointed./edh/ajx

  Publication of the original study: July 31, 2025 / Time not specified in the study / CET

  First distribution of the original study: July 31, 2025 / 8:02 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  Berenberg maintains BASF on 'Hold' - target 44 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Hold" rating on BASF with a price target of €44 following the quarterly figures released the day before. Sebastian Bray summarized the figures in a study released Thursday, saying the chemical company is taking one step forward and one step back. The weakness in the intermediate products sector was offset by improved developments in the agricultural, automotive coatings, autocatalysts, and metal finishing segments./rob/edh/ck

  Publication of the original study: July 31, 2025 / 5:08 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Jefferies maintains BASF at 'Hold' - target 47 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for BASF after the company's earnings release, with a price target of €47. The chemical company's final operating result in the second quarter was in line with the previously published benchmark, wrote Chris Counihan in a report released Wednesday. He highlighted further reductions in capital expenditures and accelerated cost savings. A presentation indicated that the focus was on protecting the balance sheet./rob/tih/nas

  Publication of the original study: July 30, 2025 / 1:57 a.m. / Time zone not specified in the study

  First distribution of the original study: July 30, 2025 / 1:57 a.m. / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Bernstein maintains BASF's 'Outperform' rating - target €53

  NEW YORK (dpa-AFX Analyst) - Following detailed quarterly figures, US analyst Bernstein Research maintained its rating for BASF at "Outperform" with a price target of €53. The chemical company's final results were in line with the preliminary key figures, wrote James Hooper in an initial reaction released Wednesday. The focus is likely to soon shift to positive price drivers such as the sale of the coatings business and the Capital Markets Day in early October./edh/mis

  Publication of the original study: July 30, 2025 / 6:27 a.m. / UTC

  First distribution of the original study: July 30, 2025 / 6:27 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  UBS maintains BASF at 'Neutral' - Target 45 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" with a price target of €45 following detailed quarterly figures. Regarding the operating mix, operating profit (EBITDA) in the Upstream segment missed consensus estimates by 18 percent, wrote Geoff Haire in an initial reaction released Wednesday. In the downstream segment, however, EBITDA was 13 percent above the average market forecast./rob/edh/mis

  Publication of the original study: July 30, 2025 / 6:00 a.m. / GMT

  First distribution of the original study: July 30, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Warburg Research maintains BASF's 'Hold' rating - target €45

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for BASF at "Hold" after the company's results, with a price target of €45. At first glance, expectations have been fully met, according to Oliver Schwarz in a study published Wednesday. The recently reduced outlook will be maintained./rob/tih/nas

  Publication of the original study: July 30, 2025 / 8:15 a.m. / Time zone not specified in study

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  JPMorgan maintains BASF at 'Underweight' - target 40 euros

  NEW YORK (dpa-AFX Analyst) - Following detailed quarterly figures, US bank JPMorgan maintained its rating for BASF at "Underweight" with a price target of €40. The final key figures were in line with the preliminary key figures, wrote Chetan Udeshi in an initial reaction released Wednesday. However, the Agricultural Solutions division performed significantly better than expected./rob/edh/nas

  Publication of the original study: July 30, 2025 / 7:17 a.m. / BST

  First distribution of the original study: July 30, 2025 / 7:17 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 23, 2025

  Baader Bank maintains BASF on 'Reduce' - target 50 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for BASF at "Reduce" with a price target of €50. Konstantin Wiechert adjusted his estimates for the chemical company on Wednesday to reflect the weaker business environment and the company's downwardly revised outlook./rob/ajx/he

  Publication of the original study: July 23, 2025 / 5:24 p.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 16, 2025

  Bernstein maintains BASF's 'Outperform' rating - target €53

  NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research has maintained BASF's rating of "Outperform" with a price target of €53. Shares of paint and coatings manufacturers PPG and Akzo Nobel have been underperforming for some time due to disappointing profit warnings, weak cash generation, and mediocre sales growth, wrote James Hooper in an assessment released Thursday. However, thanks to a renewed growth focus, several self-help measures, and some support from end markets, they could regain some of their former glory. Regarding the chemical company BASF, Hooper cited the sale of its remaining coatings business. He expects a high rating for the activities, which highlights the prospects of the major industry players in this area.

  Publication of the original study: July 16, 2025 / 8:52 p.m. / UTC. First distribution of the original study: July 17, 2025 / 4:28 a.m. / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 14, 2025

  Warburg Research lowers target for BASF to 45 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has lowered its price target for BASF from €47 to €45, but maintained its "Hold" rating. The previously released key figures for the second quarter were slightly below its expectations, Oliver Schwarz wrote in his commentary published on Monday. Although the chemical company has significantly revised its annual profit forecast downwards, he is making only minor changes, as he had already expected a profit warning. His price target reduction is based on the adjusted estimates./ck/ag

  Publication of the original study: July 14, 2025 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in the study / Time not specified in the study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 11, 2025

  UBS leaves BASF at 'Neutral' after lowering annual target

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on BASF with a price target of €45 following the company's surprise second-quarter results. Although the chemical company lowered its annual operating profit target in the wake of the presentation, it nevertheless expects a positive share price reaction on Monday, Geoff Haire wrote in an initial reaction on Friday. He pointed out that the mean forecast corresponds to the consensus estimate./rob/ck/he

  Publication of the original study: July 11, 2025 / 5:03 PM / GMT. First distribution of the original study: July 11, 2025 / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 11, 2025

  Jefferies maintains BASF's 'Hold' rating after lowering its annual target

  NEW YORK (dpa-AFX Analyst) - Following the company's surprising second-quarter results, analyst Jefferies has maintained a "Hold" rating on BASF with a price target of €47. Following the release of the figures, the chemical company lowered its annual operating profit target, Chris Counihan wrote in an initial reaction released Friday. However, the midpoint of the new range is still 5 percent above its own annual estimate, but 2 percent below the consensus forecast./rob/ck/he

  Publication of the original study: July 11, 2025 / 12:45 PM / Time zone not specified in the study. First distribution of the original study: July 11, 2025 / 12:45 PM / Time zone not specified in the study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 26, 2025

  Berenberg maintains BASF on 'Hold' - target 44 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Hold" rating on BASF with a price target of €44. Products based on biological mechanisms of action (biologics) are rapidly developing into an important product group for crop protection manufacturers, who are facing major challenges, wrote Aron Ceccarelli in a study on the chemical industry published Friday. In the medium term, prices for row-crop crops are likely to decline. Although profitability in agriculture has improved since the beginning of the war in Ukraine, he noted, increasing corn acreage in the US and improvements in global yields could lead to price declines starting in 2026. In the long term, the main problem for the traditional pesticide industry, dominated by Corteva, Syngenta, FMC, Bayer, and BASF, is the lack of volume growth. The growing biologics segment, on the other hand, is significantly more fragmented, and Corteva is best positioned here.

  Publication of the original study: June 26, 2025 / 4:26 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 26, 2025

  Warburg Research sees profit warning risk at BASF

  HAMBURG (dpa-AFX Analyst) - Chemical company BASF is on the list of companies that the analyst firm Warburg Research fears will be subject to a profit warning in 2025. This year's "Warburg Guide to Warnings" comes at a time of heightened economic and geopolitical tensions, analyst Robert-Jan van der Horst wrote on Thursday. As the second-quarter reporting season approaches, the White House's tariff decisions for the EU are due in July, which are likely to prompt some companies to adjust their annual targets. Van der Horst lists 16 companies at risk of profit warnings and nine with potential for surprises. BASF is fundamentally rated "Hold" with a price target of €47./ag/la

  Publication of the original study: June 26, 2025 / 12:45 PM / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 25, 2025

  UBS maintains BASF at 'Neutral' - Target 45 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" ahead of its quarterly results, with a price target of €45. Operating profit (EBITDA) is expected to have fallen by 14 percent, Geoff Haire wrote in an outlook published on Wednesday. He sees sales down 4 percent year-on-year./rob/edh/mis

  Publication of the original study: June 25, 2025 / 12:22 / GMT

  First distribution of the original study: June 25, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 19, 2025

  Goldman lowers target for BASF to 54 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for BASF from €55 to €54, but maintained its "Buy" rating. Analyst Georgina Fraser slightly adjusted her estimates in her outlook for the quarterly report on Thursday. In addition, their price target is now entirely based on the estimates for 2026./ag/la

  Publication of the original study: June 19, 2025 / 12:32 PM / GST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 19, 2025

  Jefferies maintains BASF at 'Hold' - target 47 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its rating for BASF at "Hold" with a price target of €47. Analyst Chris Counihan made minor adjustments to his estimates in his outlook for the company's second-quarter report on Thursday. The strong agrochemicals business will initially save the Ludwigshafen-based company, but is unlikely to be able to compensate for the weakness in the upstream business over the full year./rob/ag/tih

  Publication of the original study: June 19, 2025 / 9:39 a.m. / Time zone not specified in the study

  First distribution of the original study: June 19, 2025 / 7:00 p.m. / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 13, 2025

  JPMorgan maintains BASF at 'Underweight' - target 40 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BASF at "Underweight" ahead of its quarterly results, with a price target of €40. The chemical company's results are likely to remain in line with average market expectations, Chetan Udeshi wrote in a study released Monday. However, the short- to medium-term earnings outlook is challenging. Should the current geopolitical tensions lead to a sustained and significant increase in oil prices, this could result in further earnings losses./rob/edh/tih

  Publication of the original study: June 13, 2025 / 7:24 PM / BST

  First distribution of the original study: June 16, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 12, 2025

  Berenberg maintains BASF on 'Hold' - target 44 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for BASF with a price target of €44. An upward trend in the share price continues to depend more on portfolio management and political sentiment than on short-term increases in consensus earnings estimates, Sebastian Bray wrote in his commentary published Friday. The chemical company's second-quarter figures, due on July 30, are unlikely to radically change the picture./rob/edh/ag

  Publication of the original study: June 12, 2025 / 4:25 p.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 4, 2025

  UBS lowers target for BASF to 45 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for BASF from €47 to €45, but left its rating at "Neutral." 2025 and 2026 are likely to be years of low volume growth, according to Geoff Haire, who is not exactly optimistic about the chemicals sector in his assessment published Thursday. He factored the first-quarter results into his estimates. Due to the impact of tariffs, it reduced its industry earnings expectations for the coming year to a level below the consensus./tih/ag

  Publication of the original study: June 4, 2025 / 6:15 PM / GMT

  First distribution of the original study: June 4, 2025 / 6:15 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 2, 2025

  Warburg Research lowers target for BASF to 47 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has lowered its price target for BASF from €51 to €47, but maintained its "Hold" rating. Oliver Schwarz wrote in his follow-up note published on Monday that the first-quarter results had already been impacted by expected US tariffs. Developments in April were weaker than the Ludwigshafen-based firm had expected. Schwarz cut his estimates./rob/ag/edh

  Publication of the original study: June 2, 2025 / 8:15 a.m. / Time zone not specified in the study

  First distribution of the original study: Date not specified in the study / Time not specified in the study / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 27, 2025

  Bernstein maintains BASF's 'Outperform' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BASF at "outperform" with a price target of €60. Given the current tariff turmoil, the market is underestimating, among other things, the potential of a restructured Verbund core at the chemical company, Peter Clark wrote in a study released Tuesday. The value that could be unlocked by redesigning global units of measurement with "rarity value" is also not sufficiently appreciated./la/he

  Publication of the original study: May 27, 2025 / 6:03 PM / UTC First distribution of the original study: May 27, 2025 / 6:03 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 23, 2025

  UBS maintains BASF at 'Neutral' - Target 47 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" with a price target of €47. Investors are currently looking for safety, which is rare in the chemicals sector, analyst Geoff Haire wrote on Friday afternoon. Meanwhile, investors are questioning potential downside risks in the cyclical sector, where BASF is generally the preferred alternative. However, economic stimulus programs and capacity cuts are not yet a reason to generally invest in cyclical stocks./tih/ag

  Publication of the original study: May 23, 2025 / 4:50 PM / GMT

  First distribution of the original study: May 23, 2025 / 4:50 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 19, 2025

  Jefferies downgrades BASF to 'Hold' - target down to 47 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has lowered its price target for BASF shares from €52 to €47 and downgraded the stock from "Buy" to "Hold." In his reassessment published on Tuesday, Chris Counihan cut his estimates for the current year 11 percent below the lower end of the target range. He cited continued weakness in the basic chemicals business. A lot of positive things are happening internally in Ludwigshafen, but the weak demand is too much of a hindrance./ag/zb

  Publication of the original study: May 19, 2025 / 1:44 PM / ET

  First distribution of the original study: May 19, 2025 / 7:00 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 9, 2025

  Goldman raises target for BASF to 55 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for BASF from €54 to €55 and maintained its "Buy" rating. In response to the chemical company's quarterly report, Georgina Fraser raised its earnings estimates in a study released Friday. With its continued buy recommendation, it is banking on cash flow momentum in 2026./ag/tih

  Publication of the original study: May 9, 2025 / 12:01 AM / GST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 7, 2025

  JPMorgan lowers target for BASF to 40 euros - 'Underweight'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has lowered its price target for BASF from €45 to €40 and maintained its rating at "Underweight." Due to cyclical and structural pressures, the outlook for the chemical company remains challenging, Chetan Udeshi wrote on Wednesday./rob/bek/ag

  Publication of the original study: May 7, 2025 / 8:24 PM / BST

  First distribution of the original study: May 8, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 2, 2025

  Bernstein maintains BASF's 'Outperform' rating - target 60 euros

  NEW YORK (dpa-AFX Analyser) - The US analyst firm Bernstein Research has maintained its rating for BASF at "Outperform" with a price target of 60 euros following the first quarter figures. The chemical company's results certainly provide some confidence, insofar as that's possible in the "new world of volatility and unpredictability," wrote analyst Peter Clark in a study published Friday./mis/ajx

  Publication of the original study: May 2, 2025 / 6:17 a.m. / UTC First distribution of the original study: May 2, 2025 / 6:17 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 2, 2025

  Jefferies lowers target for BASF to 52 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies lowered its price target for BASF from €59 to €52, but maintained its "Buy" rating. Analyst Chris Counihan cut his operating profit forecast by 8 percent on Friday after a more detailed look at the company's business figures. He noted several aspects that make things easier for the Ludwigshafen-based company than for others in the industry. However, there is still only a certain buffer in the adverse environment./ag/gl

  Publication of the original study: May 2, 2025 / 6:14 a.m. / ET First distribution of the original study: May 2, 2025 / 6:14 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 2, 2025

  Jefferies maintains BASF's 'Buy' rating - target €59

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its rating for BASF at "Buy" with a price target of €59. The chemical company reaffirmed its outlook for 2025, but the impact of tariffs is currently unpredictable, analyst Chris Counihan wrote on Friday after the quarterly results. The price reaction is likely to be muted./ajx/mis

  Publication of the original study: May 2, 2025 / 1:38 a.m. / ET First distribution of the original study: May 2, 2025 / 1:38 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 2, 2025

  Warburg Research maintains BASF at 'Hold' - target 51 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for BASF at "Hold" with a price target of €51. The chemical company confirmed its outlook for 2025, but uncertainties are increasing, analyst Oliver Schwarz wrote on Friday after the quarterly report./ajx/mf

  Publication of the original study: May 2, 2025 / 8:15 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 2, 2025

  JPMorgan maintains BASF at 'Underweight' - target 45 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BASF at "Underweight" with a price target of €45. The chemical company's first quarter largely met expectations, analyst Chetan Udeshi wrote on Friday after the company's results were released. The Ludwigshafen-based company confirmed its outlook, but uncertainty has increased./ajx/la

  Publication of the original study: May 2, 2025 / 6:53 a.m. / BST First distribution of the original study: May 2, 2025 / 6:56 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 2, 2025

  UBS maintains BASF at 'Neutral' - Target 47 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" with a price target of €47. The chemical company's operating result slightly exceeded the consensus, analyst Geoff Haire wrote on Friday after the quarterly results. The outlook was confirmed./ag/la

  Publication of the original study: May 2, 2025 / 6:08 a.m. / GMT First distribution of the original study: May 2, 2025 / 6:08 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 2, 2025

  Baader Bank maintains BASF on 'Reduce' - target 50 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for BASF at "Reduce" with a price target of €50. The chemical company remains on track to meet its annual targets, analyst Konstantin Wiechert wrote on Friday after the first-quarter figures. However, it would be better to wait and see how the second quarter develops, he added./ajx/ag

  Publication of the original study: May 2, 2025 / 8:26 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 22, 2025

  Berenberg lowers target for BASF to 45 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg lowered its price target for BASF from €50 to €45 ahead of its quarterly results, but maintained its "Hold" rating. Analyst Sebastian Bray justified the new price target in his outlook published on Tuesday with the weak US dollar and the impact of the tariff conflict. He assumes that the chemical company will reduce its earnings outlook (EBITDA) to 2025 with the announcement of the figures on May 2nd./edh/ag

  Publication of the original study: April 22, 2025 / 5:26 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 11, 2025

  Goldman lowers target for BASF to 54 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for BASF from €60 to €54, but maintained its "Buy" rating. Analyst Georgina Fraser adjusted her estimates for the European chemicals industry on Friday in light of the deteriorating economic situation./ag/mis

  Publication of the original study: April 11, 2025 / 9:31 a.m. / GST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 10, 2025

  Bernstein maintains BASF's 'Outperform' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BASF at "Outperform" with a price target of €60. Even with the temporary suspension of US import tariffs and lower import tariffs, consensus estimates for the chemical sector are likely to decline, analyst Peter Clark wrote in a study released Thursday. However, the decline will be more moderate than previously feared. Geopolitical fluctuations are expected to continue, meaning that consumers and companies are likely to regain confidence only slowly./bek/la

  Publication of the original study: April 10, 2025 / 6:19 a.m. / UTC

  First distribution of the original study: April 10, 2025 / 6:19 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 8, 2025

  Jefferies maintains BASF's 'Buy' rating - target €59

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained its "Buy" rating for BASF with a price target of €59. Uncertainty regarding demand for chemicals is increasing, analyst Chris Counihan wrote in a report released Wednesday. Market interest is now focused on the potential impact of this uncertainty on volumes, margins, and prices. The market is currently pricing in worse outcomes regarding BASF's competitiveness relative to US producers than the Ludwigshafen-based company had predicted at a capital markets day./bek/ck

  Publication of the original study: April 8, 2025 / 1:16 PM / ET

  First distribution of the original study: April 8, 2025 / 7:01 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 7, 2025

  Baader Bank maintains BASF on 'Reduce' - target 50 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for BASF at "Reduce" with a price target of €50. In an industry report published on Monday, analyst Konstantin Wiechert highlighted stocks from the European chemicals sector that are currently worth considering from a valuation perspective. BASF shares are currently trading near the bottom in terms of price-to-book value. In addition, the Ludwigshafen-based company's strong balance sheet and business model made him confident that BASF could survive a more severe economic downturn./la/ajx

  Publication of the original study: April 7, 2025 / 8:12 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 4, 2025

  Warburg Research lowers target for BASF to 51 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research lowered its price target for BASF from €54 to €51 ahead of its quarterly results and maintained its "Hold" rating. The chemical company's first quarter is likely to be impacted by a loss from share sales, analyst Oliver Schwarz wrote in an outlook released on Friday. He has reduced his forecasts, which now also reflect the stronger economic headwinds due to the tariffs imposed in the US and are likely to dampen global demand growth./edh/mis

  Publication of the original study: April 4, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 3, 2025

  Bernstein maintains BASF's 'Outperform' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BASF at "Outperform" with a price target of €60. Analyst Peter Clark wrote in an initial reaction that he is less concerned about the direct impact of US tariffs, as most chemical companies largely supply local markets with local production. However, second-round effects such as the negative consequences for the global economy, which are likely to lead to a decline in demand in the chemical industry, are cause for concern./mis/edh

  Publication of the original study: April 3, 2025 / 1:24 PM / UTC

  First distribution of the original study: April 3, 2025 / 1:24 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 1, 2025

  Jefferies lowers target for BASF to 59 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies lowered its price target for BASF from €60 to €59, but maintained its "Buy" rating. Analyst Chris Counihan cut his operating earnings forecast for the first quarter in his outlook for the early May report published Wednesday. The Ludwigshafen-based company's end markets showed no improvement. However, he still sees numerous levers that will enable BASF to develop better than others in the industry./ag/gl

  Publication of the original study: April 1, 2025 / 12:13 PM / ET. First distribution of the original study: April 1, 2025 / 7:00 PM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 1, 2025

  Deutsche Bank Research maintains BASF's 'Buy' rating - target 60 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for BASF at "Buy" with a price target of €60. The chemical company's operating result (EBITDA) is likely to have declined by 4 percent, wrote analyst Virginie Boucher-Ferte in her outlook for the quarterly report published on Tuesday./edh/ag

  Publication of the original study: April 1, 2025 / Time not specified in study / CET

  First distribution of the original study: April 1, 2025 / 8:02 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 31, 2025

  UBS maintains BASF at 'Neutral' - Target 47 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" with a price target of €47. Analyst Geoff Haire's operating profit forecast for the first quarter is 6 percent below consensus, as he wrote in his outlook for the report published on Tuesday./ag/tav

  Publication of the original study: March 31, 2025 / 3:59 p.m. / GMT

  First distribution of the original study: April 1, 2025 / Time not specified in study / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 28, 2025

  Berenberg lowers target for BASF to 50 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for BASF from €52 to €50 and maintained its rating at "Hold." There is reason to be optimistic about the chemical company's shares, wrote analyst Sebastian Bray in a study published Monday. European purchasing managers' indices are finally signaling a turnaround. The German infrastructure funding package and the development of energy costs are also likely to provide support. Investments have also likely already peaked. However, the share price is already pricing this in, and 2025 is likely to remain tough. Bray lowered its earnings (EPS) estimates, citing the weak US dollar and lower expectations for the chemicals and coatings business./gl/mis

  Publication of the original study: March 28, 2025 / 5:41 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 27, 2025

  JPMorgan lowers BASF to 'Underweight' - target down to 45 euros

  NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has downgraded BASF from "Neutral" to "Underweight" and lowered its price target from €52 to €45. Following an in-house industry conference, analyst Chetan Udeshi significantly lowered his estimates for most European chemical companies in a re-evaluation published Thursday. Many reported disappointing demand trends in the US and, as expected, weak European business, but comparatively improved in China. In addition to BASF, Udeshi also downgraded Arkema to "Underweight" and Victrex to "Neutral." BASF appears relatively highly valued. He also advises against Lanxess, Brenntag, and DSM-Firmenich. In contrast, the expert prefers Akzo Nobel and Elementis for 2025 and Syensqo, Air Liquide, and Novonesis in the medium term. Evonik, meanwhile, is likely to benefit most from the German financial package.

  Publication of the original study: March 27, 2025 / 3:19 a.m. / GMT First distribution of the original study: March 27, 2025 / 3:19 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 14, 2025

  Goldman maintains BASF 'Buy' - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for BASF with a price target of €60. Analyst Georgina Fraser, in an industry report released Friday, cites a chemical industry conference organized by Goldman Sachs. The US market, still characterized by optimism shortly after the presidential election at the end of last year, is performing weaker than expected due to US President Donald Trump's erratic tariff policy. In China, however, things are going better than expected, and there are signs of cautious optimism regarding Europe, also due to Germany's planned billion-euro investments in infrastructure./mis/gl

  Publication of the original study: March 14, 2025 / 6:26 a.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 12, 2025

  Jefferies maintains BASF's 'Buy' rating - target €60

  NEW YORK (dpa-AFX Analyst) - Following a discussion with CEO Markus Kamieth, analyst Jefferies has maintained its rating for BASF at "Buy" with a price target of €60. In the short term, demand momentum in North America was somewhat weaker in the first quarter, analyst Chris Counihan wrote in a study released Thursday. In contrast, volume growth was recorded in China and Europe. Strategic initiatives to adjust the portfolio are underway./tih/gl

  Publication of the original study: March 12, 2025 / 9:40 a.m. / ET. First distribution of the original study: March 12, 2025 / 8:00 p.m. / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 10, 2025

  Baader Bank lowers BASF to 'Reduce' - target 50 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has downgraded BASF from "Buy" to "Reduce" and lowered its price target from €55 to €50. Following the recent strong share price increase, the risk-reward ratio is now neutral to negative for the next six months, analyst Konstantin Wiechert wrote in a study published Monday. He is also removing the stock from the "Baader Helvea Top Picks" recommendation list. At the same time, however, he maintains his assessment of a medium-term recovery for the chemical company./bek/jha/

  Publication of the original study: March 10, 2025 / 1:01 p.m. / CET

  First distribution of the original study: March 10, 2025 / Time not specified in the study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 3, 2025

  Deutsche Bank Research maintains BASF's 'Buy' rating - target €55

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for BASF at "Buy" with a price target of €55. The chemical company's earnings outlook for 2025 was weaker than the market expected, wrote analyst Virginie Boucher-Ferte in her commentary published on Monday./edh/ag

  Publication of the original study: March 3, 2025 / Time not specified in study / CET

  First distribution of the original study: March 3, 2025 / 8:30 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 3, 2025

  Warburg Research maintains BASF at 'Hold' - target 54 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for BASF at "Hold" with a price target of €54. The outlook is influenced by the start-up costs for the Verbund site in Zhanjiang, China, wrote analyst Oliver Schwarz in his review of the quarterly key figures published on Monday./ag/mne

  Publication of the original study: March 3, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 28, 2025

  Jefferies raises target for BASF to 60 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies raised its price target for BASF from €56 to €60 on the occasion of the final annual results and maintained its rating at "Buy." The chemical company's forecast implies that end markets should support the company's business, analyst Chris Counihan wrote in a study published Friday. In addition, there are several internal levers that should enable BASF to outperform the industry. Asset disposals offer further upside potential for the share price this year.

  Publication of the original study: February 28, 2025 / 12:22 PM / ET. First distribution of the original study: February 28, 2025 / 12:22 PM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 28, 2025

  Warburg Research maintains BASF at 'Hold' - target 54 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for BASF at "Hold" after the company's earnings release, with a price target of €54. The chemical company's final annual results were in line with expectations, as was its outlook for 2025, wrote analyst Oliver Schwarz in a study released Friday./mf/gl

  Publication of the original study: February 28, 2025 / 8:15 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 28, 2025

  UBS maintains BASF at 'Neutral' - Target 47 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" after fourth-quarter results, with a price target of €47. The operating profit (EBITDA) outlook for 2025 is slightly below expectations at the midpoint of the target range, analyst Geoff Haire wrote in a study released Friday. The target range for free cash flow is also lower than the consensus./tih/gl

  Publication of the original study: February 28, 2025 / 7:29 a.m. / GMT First distribution of the original study: February 28, 2025 / 7:29 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 28, 2025

  Goldman maintains BASF 'Buy' - target 57 euros

  NEW YORK (dpa-AFX Analyst) - Following detailed quarterly figures, US investment bank Goldman Sachs maintained its "Buy" rating for BASF with a price target of €57. Operating earnings (EBITDA) were somewhat weaker than market expectations, analyst Georgina Fraser wrote in an initial reaction released Friday. The chemical company's revenues were in line with the consensus estimate./edh/gl

  Publication of the original study: February 28, 2025 / 7:12 a.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 28, 2025

  JPMorgan maintains BASF at 'Neutral' - Target 52 euros

  NEW YORK (dpa-AFX Analyst) - Following "mixed figures" for the fourth quarter, US bank JPMorgan has maintained its rating for BASF at "Neutral" with a price target of €52. According to the previously announced key figures, the operating metrics (EBITDA and EBIT) again fell short of its estimates due to rounding effects, analyst Chetan Udeshi wrote in a report released Friday. However, earnings per share were higher due to favorable off-balance sheet items. The conference call will now focus on comments on the first quarter, as competitors have already pointed to a weaker quarter./tih/gl

  Publication of the original study: February 28, 2025 / 6:55 a.m. / GMT First distribution of the original study: February 28, 2025 / 7:10 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 28, 2025

  Jefferies maintains BASF's 'Buy' rating - target €56

  NEW YORK (dpa-AFX Analyst) - Following the fourth-quarter results, analyst Jefferies has maintained its rating for BASF at "Buy" with a price target of €56. The chemical company's reported operating result (EBITDA) is in line with expectations, analyst Chris Counihan wrote in a study released Friday. The consensus for the EBITDA outlook for 2025 is also already at the upper end of the target range. He therefore expects a muted price reaction./tih/gl

  Publication of the original study: February 28, 2025 / 1:41 a.m. / ET First distribution of the original study: February 28, 2025 / 1:41 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 18, 2025

  Warburg Research lowers BASF to 'Hold' - target raised to 54 euros

  HAMBURG (dpa-AFX Analyst) - While the analyst firm Warburg Research raised its price target for BASF shares from €52.60 to €54, it downgraded the Ludwigshafen-based company's stock from "Buy" to "Hold" following a price rally. Analyst Oliver Schwarz wrote this in his reassessment published Tuesday following the sale of the Brazilian architectural coatings business. For the remaining coatings activities under review, he calculates a value of one to one and a half times the revenue./ag/bek

  Publication of the original study: February 18, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 17, 2025

  Bernstein maintains BASF's 'Outperform' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BASF at "Outperform" with a price target of €60 following the announcement of the sale of its Brazilian architectural coatings business. Perhaps more important than the sale is the simultaneous announcement that BASF is also likely seeking to divest its remaining coatings activities, wrote analyst Peter Clark in a report released Monday. The new CEO is likely to deliver quickly in view of the focus on the core business./mis/he

  Publication of the original study: February 17, 2025 / 2:16 p.m. / UTC First distribution of the original study: February 17, 2025 / 2:16 p.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  Goldman maintains BASF 'Buy' - target 57 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for BASF with a price target of €57. In a study published Thursday, analyst Georgina Fraser reiterated the potential for positive macroeconomic price drivers to lead to a revaluation of BASF shares this year. It expects a turnaround in the chemical company's free cash flow, as well as portfolio measures by management that could lead to higher-than-expected capital distributions./ck/bek

  Publication of the original study: February 13, 2025 / 8:06 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 10, 2025

  Bernstein maintains BASF's 'Outperform' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BASF at "outperform" with a price target of €60. The resumption of gas deliveries from Russia to Germany is conceivable if the war in Ukraine ends, analyst Peter Clark wrote in a study released Monday. In this case, there would be corresponding upside potential for Europe's chemical companies./bek/mis

  Publication of the original study: February 10, 2025 / 7:08 a.m. / UTC

  First distribution of the original study: February 10, 2025 / 7:08 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 7, 2025

  JPMorgan maintains BASF at 'Neutral' - Target 52 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BASF at "Neutral" with a price target of €52. Analyst Chetan Udeshi examined the impact of a sharp drop in gas prices on European chemical companies in the wake of a potential ceasefire between Russia and Ukraine in an industry study released Friday. He expects a large portion of this impact to be passed on to customers due to prevailing weak demand and significant overcapacities in many product segments. However, Udeshi also expects higher production capacity utilization due to improved cost competitiveness on a global level. Of the large sector companies he monitors with relatively high energy intensity, BASF would likely be a preferred investment for many investors. However, BASF now appears to be rather highly valued on the stock market compared to other cyclical stocks./edh/mis

  Publication of the original study: February 7, 2025 / 4:00 a.m. / GMT

  First distribution of the original study: February 7, 2025 / 4:54 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 5, 2025

  JPMorgan maintains BASF at 'Neutral' - Target 52 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BASF at "Neutral" following the outlook for US company FMC Corp., with a price target of €52. The outlook for agricultural chemicals in 2025 is even more challenging than expected, analyst Chetan Udeshi wrote on Wednesday. The results announced by the US-based FMC Group for the first quarter and the full year are clearly below expectations./ag/ajx

  Publication of the original study: February 5, 2025 / 8:51 a.m. / GMT

  First distribution of the original study: February 5, 2025 / 8:54 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  JPMorgan maintains BASF at 'Neutral' - Target 52 euros

  NEW YORK (dpa-AFX Analyser) - The US bank JPMorgan has left its rating for BASF at "Neutral" with a price target of 52 euros. Some downside risks remain for the 2025 market estimates, analyst Chetan Udeshi wrote on Monday evening following the chemical company's preliminary fourth-quarter figures, which were mixed./ajx

  Publication of the original study: January 27, 2025 / 7:43 p.m. / GMT

  First distribution of the original study: January 28, 2025 / 12:15 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  Baader Bank maintains BASF's 'Buy' rating - target 55 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its "Buy" rating for BASF following preliminary annual figures, with a price target of €55. Primarily due to billions in write-downs, the chemical company's operating result (EBIT) significantly missed the consensus estimate, wrote analyst Konstantin Wiechert in an initial reaction released on Monday./edh/mne

  Publication of the original study: January 27, 2025 / 7:53 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  UBS maintains BASF at 'Neutral' - Target 47 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" with a price target of €47. The fourth-quarter operating result was in line with expectations, wrote analyst Geoff Haire in his reaction to the key figures released on Monday. Now the Ludwigshafen-based company's targets for 2025 are coming into focus. It expects earnings before interest, taxes, depreciation, and amortization (EBITDA) to increase by 4 percent, which is 3 percent below the consensus./ag/zb

  Publication of the original study: January 27, 2025 / 4:18 a.m. / GMT

  First distribution of the original study: January 27, 2025 / 4:18 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 24, 2025

  Goldman maintains BASF 'Buy' - target 57 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for BASF with a price target of €57. The key figures for the fourth quarter regarding operating profit were within the expected range, analyst Georgina Fraser wrote on Friday evening. Cash inflows were better due to lower investments./ag/zb

  Publication of the original study: January 24, 2025 / 7:21 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 24, 2025

  Jefferies maintains BASF's 'Buy' rating - target €56

  NEW YORK (dpa-AFX Analyser) - The analysis house Jefferies has left the rating for BASF at "Buy" with a price target of 56 euros after preliminary annual figures. The chemical company's operating result (EBITDA) was as expected by the company and the market, but missed the Ludwigshafen-based company's target range, wrote analyst Chris Counihan in a study published Friday./edh/he

  Publication of the original study: January 24, 2025 / 1:54 p.m. / ET First distribution of the original study: January 24, 2025 / 1:54 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 24, 2025

  Goldman maintains BASF 'Buy' - target 57 euros

  NEW YORK (dpa-AFX Analyser) - The US investment bank Goldman Sachs has maintained its rating for BASF at "Buy" with a price target of 57 euros, based on key figures for 2024, including a significant write-down. The chemical company's earnings before interest, taxes, depreciation, and amortization (EBITDA), adjusted for special items, largely met expectations, and free cash flow (FCF) exceeded expectations, wrote analyst Georgina Fraser in a study released Monday./mis/la

  Publication of the original study: January 24, 2025 / 7:21 p.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 20, 2025

  Jefferies raises target for BASF to 56 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has raised its price target for BASF from €53 to €56 and maintained its rating at "Buy." The Ludwigshafen-based company is facing changes, wrote analyst Chris Counihan in his assessment published Tuesday. While many question the pace, CEO Markus Kamieth's strategy is the biggest change in decades. It includes dividend cuts, the sale of business units, and even the closure of the upstream business in Germany. BASF is therefore likely to grow faster than the overall economy. Counihan sees good opportunities to expand the momentum in earnings and free cash flow in the core business./ck/ag

  Publication of the original study: January 20, 2025 / 9:44 AM / ET

  First distribution of the original study: January 20, 2025 / 7:00 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 16, 2025

  UBS maintains BASF at 'Neutral' - Target 47 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" ahead of fourth-quarter results, with a price target of €47. Analyst Geoff Haire emphasized in his commentary published Friday that his estimate for operating profit (EBITDA) is seven percent below consensus. He explained that the share is trading at a 25 percent premium to European competitors on an EBITDA basis./tih/ag

  Publication of the original study: January 16, 2025 / 11:20 PM / GMT

  First distribution of the original study: January 16, 2025 / 11:20 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 14, 2025

  JPMorgan maintains BASF at 'Neutral' - Target 52 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BASF at "Neutral" with a price target of €52. Analyst Chetan Udeshi wrote in a report released Wednesday that he has updated his estimates for the chemical company following recent discussions with the investor relations team. In his opinion, the average analyst expectations (consensus) for the fourth quarter and the full year continue to appear excessive./ck/nas

  Publication of the original study: January 14, 2025 / 7:29 PM / GMT

  First distribution of the original study: January 15, 2025 / 12:15 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 14, 2025

  Bernstein raises target for BASF to 60 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has raised its price target for BASF from €54 to €60 and maintained its rating at "Outperform." Under new CEO Markus Kamieth, the chemical company has implemented a strategy of transformation, analyst Peter Clark wrote in a report released Wednesday. The future will now be built around the core business of integrated chemicals. The expert now counts the stocks among his favorites in the sector./bek/tav

  Publication of the original study: January 14, 2025 / 6:56 p.m. / UTC

  First distribution of the original study: January 15, 2025 / 6:00 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 8, 2025

  Goldman maintains BASF 'Buy' - target 57 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for BASF with a price target of €57. Sales recoveries and margin increases last year have created a more difficult basis for comparison for European chemical companies in the coming months, analyst Georgina Fraser wrote in a study published Thursday. Therefore, prevailing uncertainty is already reflected in share prices. She sees BASF as the main beneficiary of a somewhat improved capacity utilization./tih/he

  Publication of the original study: January 8, 2025 / 10:59 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 3, 2025

  UBS maintains BASF at 'Neutral' - Target 47 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" with a price target of €47. Analyst Geoff Haire wrote in an industry report released Monday that there will be more uncertainty in the chemicals sector in 2025 than in 2024, which was characterized by a lack of inventory buildup by customers and the beginning of portfolio adjustments by companies. In 2025, the focus will once again be on the prospects for a recovery in demand, but investors should also pay attention to geopolitics – with the US-China relationship and the political environment in Germany and France. In a difficult environment, companies could respond with further cost reductions. Potential positive drivers include government stimulus measures in Germany, the resumption of Russian gas supplies to Europe, and the reconstruction of Ukraine. Overall, the expert prefers defensive subsectors within the industry: consumer chemicals and industrial gas suppliers./mis/bek

  Publication of the original study: January 3, 2025 / 11:38 PM / GMT

  First distribution of the original study: January 3, 2025 / 11:38 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 8, 2024

  UBS maintains BASF at 'Neutral' - Target 47 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" with a price target of €47. One of the most discussed topics in the European chemical industry is the question of what would happen if Russian gas flowed heavily to Europe again, wrote analyst Geoff Haire in an industry report released Monday. A ceasefire between Russia and Ukraine would reduce the risk premium, lead to increased exports, and thus to significantly lower gas prices. In the chemicals sector, BASF, Covestro, Lanxess, and to a certain extent Yara would benefit the most./edh/mis

  Publication of the original study: December 8, 2024 / 5:33 PM / GMT

  First distribution of the original study: December 8, 2024 / 5:33 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 2, 2024

  Baader Bank upgrades BASF to 'Buy' - target 55 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has upgraded BASF from "Add" to "Buy" and raised its price target from €50 to €55. Analyst Konstantin Wiechert wrote in a report released Monday that it is a good time to bet on a gradual economic recovery. Investors can now begin to build a position and gradually expand it to the desired target size. Nevertheless, 2025 will likely still be a transitional year for the chemical company./mis/ngu

  Publication of the original study: December 2, 2024 / 3:42 PM / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 2, 2024

  JPMorgan maintains BASF at 'Neutral' - Target 52 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a "Neutral" rating on BASF with a price target of €52. Earnings and valuations of the cyclical European chemical company remain low, and the economic outlook remains mixed, even in light of possible US tariffs under Donald Trump, analyst Chetan Udeshi wrote in his industry outlook published Monday. Accordingly, short-term earnings momentum is likely to remain negative. He is more pessimistic than the market consensus regarding BASF's operating result (EBIT) in 2025.

  Publication of the original study: December 2, 2024 / 1:13 a.m. / GMT. First distribution of the original study: December 2, 2024 / 1:18 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 2, 2024

  Deutsche Bank Research upgrades BASF to 'Buy' - target 55 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has upgraded BASF from "Hold" to "Buy" and raised its price target from €50 to €55. The Ludwigshafen-based company is turning its back on its tanker, wrote analyst Virginie Boucher-Ferte in her outlook published on Monday. Despite economic and geopolitical uncertainties and likely another year of very low growth overall, there are some reasons for optimism in this particular case. First and foremost, the expert cites the new strategy as a decisive step towards cultural change./ag/zb

  Publication of the original study: December 2, 2024 / Time not specified in the study / CET

  First distribution of the original study: December 2, 2024 / 7:55 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 22, 2024

  UBS maintains BASF at 'Neutral' - Target 47 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on BASF with a price target of €47. The chemical company expressed confidence at an investor event that it will achieve its targeted annual operating result (EBITDA) of €1.7 billion, analyst Geoff Haire wrote in a study released Friday. His investment opinion is based on the lack of short-term growth prospects./gl/he

  Publication of the original study: November 22, 2024 / 6:35 a.m. / GMT First distribution of the original study: November 22, 2024 / 6:35 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 22, 2024

  Goldman maintains BASF 'Buy' - target 53 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for BASF with a price target of €53. The series of constructive signals continues, wrote analyst Georgina Fraser on Friday after a meeting with management./ag/he

  Publication of the original study: November 22, 2024 / 10:59 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 22, 2024

  Bernstein maintains BASF's 'Outperform' rating - target €54

  NEW YORK (dpa-AFX Analyst) - Following an investor and analyst event, US research firm Bernstein Research maintained its rating for BASF at "Outperform" with a price target of €54. The chemical company's board of directors still considers its annual profit target to be entirely achievable, despite the significant increase required in the final quarter, analyst Peter Clark wrote in a report released Friday. The Management Board intends to continue to drive forward the ongoing restructuring and also play an active role in the consolidation of the European chemical industry./mis/la

  Publication of the original study: November 22, 2024 / 7:17 a.m. / UTC First distribution of the original study: November 22, 2024 / 7:17 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 21, 2024

  Jefferies maintains BASF's 'Buy' rating - target €53

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its "Buy" rating for BASF with a price target of €53. The Ludwigshafen-based company is confident of reaching the lower end of its annual target range, wrote analyst Chris Counihan in his commentary on the company's investor round on Friday. The agricultural business is expected to see stronger profit growth in the first half of 2025 than in the previous year, but the 2023 level is unlikely to be reached./ag/zb

  Publication of the original study: November 21, 2024 / 5:01 PM / ET

  First distribution of the original study: November 21, 2024 / 5:01 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 12, 2024

  UBS maintains BASF at 'Neutral' - Target 47 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" with a price target of €47 following an investor conference. At the conference, CEO Markus Kamieth reported that the strong momentum in the core business from the third quarter continued into October, analyst Geoff Haire wrote in a study released Tuesday./bek/he

  Publication of the original study: November 12, 2024 / 5:17 PM / GMT First distribution of the original study: November 12, 2024 / 5:17 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 12, 2024

  Jefferies upgrades BASF to 'Buy' - target raised to 53 euros

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has upgraded BASF from "Hold" to "Buy" and raised its price target from €43 to €53. Analyst Chris Counihan made numerous changes to his 2025 outlook for the chemical industry on Tuesday. For broadly positioned companies like BASF, the outlook improved for the first time in three years, according to the expert. The Ludwigshafen-based company is embarking on the biggest strategic shift in more than a decade with the gradual dissolution of the group./ag/ajx

  Publication of the original study: November 12, 2024 / 11:50 a.m. / ET

  First distribution of the original study: November 12, 2024 / 7:00 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 11, 2024

  Goldman upgrades BASF to 'Buy' - target raised to 53 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has upgraded BASF from "Neutral" to "Buy" and raised its price target from €45 to €53. After 32 months of declining earnings estimates, expert Georgina Fraser believes the Ludwigshafen-based chemical company has bottomed out. Following the third quarter, she raised her estimate for adjusted operating profit for the full year by five percent in her analysis published Monday. For the price target, it also rolled forward the valuation base to 2025/26.

  Publication of the original study: November 11, 2024 / 3:41 a.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 31, 2024

  UBS lowers target for BASF to 47 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for BASF from €48 to €47 and left its rating at "Neutral." The third-quarter figures showed that sales turned positive for the first time since the fourth quarter of 2021, analyst Geoff Haire wrote in a study released Friday. However, he continues to see headwinds for the chemical company due to higher fixed costs, slower growth in the automotive market, and a lack of economic recovery./edh/mis

  Publication of the original study: October 31, 2024 / 8:13 PM / GMT

  First distribution of the original study: October 31, 2024 / 8:13 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 31, 2024

  DZ Bank maintains BASF's 'Buy' rating - target 58 euros

  FRANKFURT (dpa-AFX Analyst) - DZ Bank has maintained its "buy" rating for BASF following its quarterly results, with a price target of €58. The chemical company's results demonstrate a recovery in volume demand, albeit at a low level, wrote analyst Peter Spengler in a study published Thursday. Key points of the recently announced long-term corporate strategy include preparing an IPO for Agricultural Solutions by 2027 and separating the remaining, so-called independent businesses of the Surface Solutions segment. These measures are necessary because the valuation of the two segments does not adequately reflect fair value.

  Publication of the original study: October 31, 2024 / 3:02 p.m. / CET. First distribution of the original study: October 31, 2024 / 3:14 p.m. / CET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 31, 2024

  Berenberg lowers target for BASF to 50 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg lowered its price target for BASF from €53 to €50 following the company's quarterly results, but maintained its "Buy" rating. Despite some headwinds, this was not the kind of earnings release that made him nervous, analyst Sebastian Bray wrote in a report released Thursday. The expert expects a tailwind for the Ludwigshafen-based company soon./edh/ajx

  Publication of the original study: October 31, 2024 / 6:41 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  JPMorgan maintains BASF at 'Neutral' - Target 52 euros

  NEW YORK (dpa-AFX Analyst) - Following the conference call on the company's quarterly results, US bank JPMorgan maintained its rating for BASF at "Neutral," with a price target of €52. Management's outlook for the current fourth quarter is optimistic, but apparently too optimistic from the market's perspective, analyst Chetan Udeshi wrote on Wednesday evening. He agrees with this view./edh/ag

  Publication of the original study: October 30, 2024 / 7:30 PM / GMT

  First distribution of the original study: October 31, 2024 / 12:15 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  Bernstein maintains BASF's 'Outperform' rating - target €54

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for BASF at "outperform" with a price target of €54 following the company's earnings release. The chemical company's third-quarter figures provide some relief, wrote analyst Peter Clark in an initial reaction on Wednesday. While there is some skepticism regarding the targets for the current fourth quarter, it looks more likely that BASF could deliver more once the restructuring measures become increasingly noticeable./ck/tih

  Publication of the original study: October 30, 2024 / 2:12 PM / UTC

  First distribution of the original study: October 30, 2024 / 2:12 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  UBS maintains BASF at 'Neutral' - Target 48 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Neutral" with a price target of €48. Investors are likely to react positively to the above-consensus annual targets, analyst Geoff Haire wrote on Wednesday morning after the quarterly report and adjusted forecast./ag/ajx

  Publication of the original study: October 30, 2024 / 07:13 / GMT

  First distribution of the original study: October 30, 2024 / 07:13 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  Goldman maintains BASF at 'Neutral' - Target 45 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for BASF at "neutral" with a price target of €45. The third quarter slightly missed expectations, analyst Georgina Fraser wrote on Wednesday morning after the company's results were released. The fact that they will now likely end up at the lower end of their annual targets is evidenced by an atypical seasonal development in the fourth quarter./ag/mf

  Publication of the original study: October 30, 2024 / 6:57 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  Baader Bank maintains BASF at 'Add' - target 50 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for BASF at "Add" with a price target of €50. The poor quality of the quarterly results is likely to trigger further consensus revisions, even if market expectations are already below the annual targets, analyst Konstantin Wiechert wrote on Wednesday morning./ag/mf

  Publication of the original study: October 30, 2024 / 8:22 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  JPMorgan maintains BASF at 'Neutral' - Target 52 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for BASF at "Neutral" with a price target of €52. The third quarter missed expectations, partly due to currency effects, analyst Chetan Udeshi wrote Wednesday morning after the company's results. However, surprisingly, the annual targets were not cut./ag/ajx

  Publication of the original study: October 30, 2024 / 6:53 a.m. / GMT

  First distribution of the original study: October 30, 2024 / 7:01 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  Jefferies maintains BASF at 'Hold' - target 43 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its "Hold" rating for BASF with a price target of €43. The third-quarter adjusted operating result fell short of its and the market's expectations, analyst Chris Counihan wrote Wednesday morning after the company released its figures. The Chemicals division (with production outages and start-up costs in China) and Agriculture divisions disappointed, while Nutrition and Care performed better. The company also pointed to continued demand momentum in its core business. Overall, this could support the stocks./ag/mis

  Publication of the original study: October 30, 2024 / 2:28 a.m. / ET

  First distribution of the original study: October 30, 2024 / 2:28 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 14, 2024

  UBS downgrades BASF to 'Neutral' - Target reduced to 48 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has downgraded BASF from "Buy" to "Neutral" and lowered its price target from €51 to €48. In the cyclical chemicals sector, the expected recovery in volume growth did not materialize in the first half of the year, wrote analyst Geoff Haire in an industry report released Monday. Leading indicators remained negative. Looking ahead to 2025, he sees only limited improvements in the construction and agricultural end markets and downside risks for the automotive sector. For BASF, the expert cut his estimates for operating profit (EBITDA) in 2025 and 2026 by 10 percent per year. Within the sector, he favors shares of consumer chemicals companies and industrial gas producers, while being most pessimistic about agricultural chemicals./ajx/zb

  Publication of the original study: October 14, 2024 / 03:17 / GMT. First distribution of the original study: October 14, 2024 / 03:17 / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 11, 2024

  JPMorgan resumes BASF with 'Neutral' - target 52 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has reinstated its rating on BASF shares to "neutral" with a price target of €52. The short-term outlook for the European chemical industry is challenging, wrote Chetan Udeshi in his analysis published Friday. The timing and extent of China's economic stimulus, as well as the course of the interest rate turnaround, remain unclear. However, he praised BASF's recent Capital Markets Day and the new "Winning Ways" strategy./ag/tih

  Publication of the original study: October 11, 2024 / 1:08 AM / BST

  First distribution of the original study: October 11, 2024 / 1:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 1, 2024

  Warburg Research maintains BASF at 'Hold' - target 51 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for BASF at "Hold" with a price target of €51. The new strategy signals a complete overhaul of the business model, wrote analyst Oliver Schwarz in his follow-up to the Capital Markets Day on Tuesday./ag/edh

  Publication of the original study: October 1, 2024 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 1, 2024

  Deutsche Bank Research maintains BASF at 'Hold' - target 54 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for BASF at "Hold" with a price target of €54. Management is taking the restructuring a step further than originally announced for 2023, wrote analyst Virginie Boucher-Ferte in her commentary on the recent Capital Markets Day on Tuesday./ag/gl

  Publication of the original study: October 1, 2024 / Time not specified in study / CET First distribution of the original study: October 1, 2024 / 8:13 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 27, 2024

  Goldman lowers target for BASF to 45 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for BASF from €46 to €45 following the company's investor event and left the rating at "Neutral." Analyst Georgina Fraser cited "ten points she learned from the capital markets day" in her commentary on Friday. Separately, it cut its operating earnings estimates below the market consensus./ag/zb

  Publication of the original study: September 27, 2024 / 4:30 p.m. / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 26, 2024

  Goldman maintains BASF at 'Neutral' - Target 46 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained a "neutral" rating on BASF with a price target of €46. Regarding the announced significant dividend cut, analyst Georgina Fraser noted in a study published Thursday that she expects a payout close to the announced minimum dividend of €2.25 per share for 2024 and 2025. The chemical company is struggling with high capital requirements and a weak business environment due to cyclical reasons. The implied minimum dividend yield of 5 percent is below the 2023 level and a good third below its forecast for 2024 and 2025.

  Publication of the original study: September 26, 2024 / 8:00 a.m. / BST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 26, 2024

  UBS maintains BASF 'Buy' - target 51 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for BASF at "Buy" with a price target of €51, in light of new profit targets for 2028 and the dividend cut. Analyst Geoff Haire wrote this as his initial reaction in a study published Thursday./ajx

  Publication of the original study: September 26, 2024 / 6:28 a.m. / GMT

  First distribution of the original study: September 26, 2024 / 6:28 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 26, 2024

  Jefferies maintains BASF at 'Hold' - target 43 euros

  NEW YORK (dpa-AFX Analyst) - In light of the capital markets day, research firm Jefferies maintained its rating for BASF at "Hold" with a price target of €43. The profit targets through 2028 are largely in line with expectations, but depend on market conditions in the medium-term cycle, wrote analyst Chris Counihan in a report released Thursday. The extent of the announced dividend cut, however, is likely to be disappointing./ajx/la

  Publication of the original study: September 26, 2024 / 2:06 a.m. / ET First distribution of the original study: September 26, 2024 / 2:06 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 23, 2024

  Deutsche Bank Research maintains BASF at 'Hold' - target 54 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for BASF at "Hold" with a price target of €54. Analyst Virginie Boucher-Ferte sees the chemical company as positive in the long term, but the short term remains challenging. She wrote this in her commentary published on Monday with regard to spin-off scenarios./ajx/ag

  Publication of the original study: September 23, 2024 / Time not specified in study / CET

  First distribution of the original study: September 23, 2024 / 8:02 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 19, 2024

  Goldman maintains BASF at 'Neutral' - Target 46 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for BASF at "Neutral" with a price target of €46 due to speculation about a possible spin-off of its agricultural chemicals and coatings businesses. Analyst Georgina Fraser would rate such a move "neutral to positive," as she wrote in her commentary published Thursday. They could be advantageous for the valuation based on the sum of the company's assets. She noted that BASF has already announced that the two business units will become legally separate entities. They are also not part of BASF's Verbund concept, to which the Ludwigshafen-based company remains committed./tih/ag

  Publication of the original study: September 19, 2024 / 9:19 a.m. / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 18, 2024

  Jefferies maintains BASF at 'Hold' - target 43 euros

  NEW YORK (dpa-AFX Analyst) - Following a report from inside sources regarding a restructuring of some of the chemical company's businesses, the analyst firm Jefferies has maintained its rating for BASF at "Hold" with a price target of €43. The portfolio changes mentioned in the report are far more extensive than currently expected by the market, analyst Chris Counihan wrote in an initial reaction on Wednesday. They could create significant scope for cost reductions, reducing debt on the balance sheet, and monetizing the combined value of the individual company divisions./la/nas

  Publication of the original study: September 18, 2024 / 8:34 a.m. / ET First distribution of the original study: September 18, 2024 / 8:34 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 10, 2024

  Goldman maintains BASF at 'Neutral' - Target 46 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for BASF at "Neutral" with a price target of €46. The capital markets day is likely to confirm a turnaround in cash inflows in fiscal year 2026, analyst Georgina Fraser wrote in her outlook published Wednesday. They do not rule out a new dividend strategy./ag/zb

  Publication of the original study: September 10, 2024 / 9:58 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 6, 2024

  UBS maintains BASF at 'Neutral' - Target 51 euros

  ZURICH (dpa-AFX Analyst) - UBS maintained its rating for BASF at "Neutral" following a materials conference held by the major Swiss bank, with a price target of €51. The volume outlook was consistently the focus of the discussions, wrote analyst Geoff Haire in his industry commentary on chemical stocks published on Monday. Most companies reported modest progress in the third quarter and anticipated normal seasonality in the final quarter. Clients are currently continuing to pay attention to low inventories. There are signs of improvement in some areas, but there are downside risks to the business in the automotive sector./tih/ag

  Publication of the original study: September 6, 2024 / 7:21 PM / GMT

  First distribution of the original study: September 6, 2024 / 7:21 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 5, 2024

  Barclays maintains BASF at 'Equal Weight' - target 57 euros

  LONDON (dpa-AFX Analyser) - The British investment bank Barclays has maintained its rating for BASF at "Equal Weight" with a price target of 57 euros. The recent development of petrochemical spreads – the price difference between raw material and sold product – certainly signals a growing risk to some corporate targets in the industry, wrote analyst Alex Stewart in an industry report released Friday./mis/tih

  Publication of the original report: September 5, 2024 / 4:29 PM / GMT

  First distribution of the original report: September 6, 2024 / 3:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 14, 2024

  Goldman maintains BASF at 'Neutral' - Target 46 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for BASF at "Neutral" with a price target of €46. Analyst Georgina Fraser updated her estimates for the chemical company in a study published Wednesday, primarily due to the outage of certain equipment following a fire at the Ludwigshafen plant. The force majeure event affects its assumptions for the Food Ingredients and Dietary Supplements business./tih/he

  Publication of the original study: August 14, 2024 / 11:34 AM / BST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 11, 2024

  UBS maintains BASF 'Buy' - target 51 euros

  ZURICH (dpa-AFX Analyst) - UBS has maintained a "Buy" rating on BASF with a price target of €51. Increased inventories in the first half of the year are likely to put further pressure on volumes at European chemical companies, analyst Geoff Haire wrote in an industry report released Monday. He lowered his estimate for volume growth in the sector overall for the second half of the year by one percentage point. He expects the strongest growth in the consumer chemicals sector, with the lowest expected in the agar and industrial gases sectors. The latest key macro indicators in China, Europe, and the US remain in contraction territory. In terms of end-market inventory levels, BASF, Clariant, and Lanxess would come closest to the average of the last six years./ck/ajx

  Publication of the original study: August 11, 2024 / 3:12 a.m. / GMT

  First distribution of the original study: August 11, 2024 / 3:12 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.