Price targets

Analyst ratings

7 analysts rated this company in the past 90 days. The average target price is €62.43, this is a change of +28.1% compared to the current price.

• September 25, 2025

  Goldman lowers target for Brenntag to 72 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has lowered its price target for Brenntag from €82 to €72, but maintained its "Buy" rating. While the chemicals trader's investment story remains intact in the medium term, uncertainties dominate in the short term, wrote Suhasini Varanasi in the outlook for the interim report published Friday./ag/zb

  Publication of the original study: September 25, 2025 / 4:43 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), 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 leaves Brenntag at 'Neutral' - Target 56 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Brenntag at "Neutral" with a price target of €56. In an industry study published Monday, Geoff Haire examined the positioning of US investors in the chemicals sector. The focus is on earnings risks for the 2025 fiscal year 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 p.m. / GMT First distribution of the original study: September 12, 2025 / 3:37 p.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.

• September 9, 2025

  Warburg Research maintains Brenntag's 'Buy' rating - target €63

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Brenntag at "Buy" with a price target of €63. In a report published Tuesday, analyst Christian Cohrs commented on the departure of board member Ewout van Jarwaarde. This also marks the departure of the last remaining member of the former management team. He questions whether the chemicals distributor's weak business trends could be a reflection of the company's restructuring, in addition to the challenging industry environment. Concrete answers regarding the future direction are unlikely to be forthcoming any time soon./rob/tih/bek

  Publication of the original study: September 9, 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.

• August 20, 2025

  Berenberg lowers target for Brenntag to 52 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Brenntag from €55 to €52 and maintained its "Hold" rating. The chemicals distributor reported weak figures a week ago, wrote Carl Raynsford in a review of the quarterly report released Wednesday. Sales development largely depends on the business cycle of the chemicals industry—therefore, after several profit warnings from this sector, the weakness was not surprising. With its earnings estimate (EBITA) for 2025, it is now more in line with consensus estimates and closer to the lower end of the company's target range./rob/gl/tih

  Publication of the original study: August 20, 2025 / 5:12 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.

• August 19, 2025

  Warburg Research lowers target for Brenntag to 63 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has lowered its price target for Brenntag from €69 to €63, but maintained its "Buy" rating. Following the weak quarterly report and in light of the ongoing uncertainties, Christian Cohrs wrote in a review of the figures released on Tuesday that he has cut his estimates for the chemicals distributor. Due to the three changes in management positions, he does not expect any major strategic news or initiatives until the end of the year. However, Brenntag is in a very good market position and the valuation is attractive./rob/gl/edh

  Publication of the original study: August 19, 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.

• August 13, 2025

  Jefferies maintains Brenntag's 'underperform' rating - target €53

  NEW YORK (dpa-AFX Analyst) - Following final quarterly results, analyst Jefferies maintained its rating for Brenntag at "underperform" with a price target of €53. Looking at the chemicals distributor's individual divisions, the Specialties division disappointed, Chris Counihan wrote on Wednesday. The Essentials division, on the other hand, met market expectations./rob/la/bek

  Publication of the original study: August 13, 2025 / 2:05 a.m. / Time zone not specified in the study

  First distribution of the original study: August 13, 2025 / 2:05 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.

• August 13, 2025

  Jefferies lowers target for Brenntag to 47 euros - 'Underperform'

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has lowered its price target for Brenntag from €53 to €47 and maintained its rating at "underperform." Analyst Chris Counihan reduced the chemicals distributor's operating profit (EBITA) estimates by an average of eight percent in a study released Thursday. The new boss likely has a lot of work ahead of him./rob/bek/la

  Publication of the original study: August 13, 2025 / 12:15 PM / Time zone not specified in the study

  First distribution of the original study: August 13, 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.

• August 13, 2025

  UBS leaves Brenntag at 'Neutral' - Target 56 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Brenntag at "Neutral" with a price target of €56 following the chemicals distributor's final second-quarter figures. These figures were in line with the key figures, Nicole Manion wrote in an initial reaction on Wednesday. There are considerable uncertainties regarding the outlook./rob/la/bek

  Publication of the original study: August 13, 2025 / 6:42 a.m. / GMT

  First distribution of the original study: August 13, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation for 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.

• August 13, 2025

  Baader Bank maintains Brenntag's 'Add' rating - target 85 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Brenntag at "Add" with a price target of €85 following the company's final quarterly figures. The key figures were already known, as was the lowered operating profit target (EBITA) for this year, Christian Obst wrote in a study released Wednesday. The reasons for this are slower demand and price pressure. He advises investors to stay on the sidelines with the chemicals distributor./rob/tih

  Publication of the original study: August 13, 2025 / 7:29 a.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) 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 4, 2025

  Baader Bank keeps Brenntag on 'Add'

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Brenntag at "Add" with a price target of €85 for the time being. Following the chemicals distributor's gloomy earnings outlook, investors should remain on the sidelines for the time being, Christian Obst recommended in a study published Monday. He indicated that he would revise his forecasts after the announcement of detailed half-year figures./rob/edh/mis

  Publication of the original study: August 4, 2025 / 12:36 PM / 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) 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 21, 2025

  UBS lowers target for Brenntag to 56 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Brenntag from €60 to €56, but maintained its rating at "Neutral." It has been cautious on the European chemicals distributor since the end of 2022, and recent statements from suppliers indicate that earnings momentum is likely to remain under pressure this summer, Nicole Manion wrote in her industry commentary published on Monday. Its earnings estimates for this year are below consensus forecasts. However, given the weak share price performance since the beginning of the year, valuations now better reflect this – they are likely to have almost bottomed out on average. Manion significantly lowered its estimates for Brenntag following its recent profit warning.

  Publication of the original study: July 21, 2025 / 3:22 a.m. / GMT First distribution of the original study: July 21, 2025 / 3:22 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.

• July 18, 2025

  Goldman lowers target for Brenntag to 82 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Brenntag from €85 to €82, but maintained its "Buy" rating. Suhasini Varanasi adjusted the estimates for the chemicals distributor on Friday to reflect the previously announced operating result for the second quarter and the lowered annual target. Stabilization of the end markets is needed for a better price performance. However, he considers the problems to be temporary and sees medium-term value in the shares./ag/gl

  Publication of the original study: July 18, 2025 / 9:10 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.

• July 11, 2025

  Jefferies leaves Brenntag at 'underperform' after figures

  NEW YORK (dpa-AFX Analyst) - Following the company's surprising second-quarter results, analyst Jefferies maintained its rating for Brenntag at "underperform" with a price target of €53. The chemicals distributor's preliminary quarterly operating result (EBITA) was below both its expectations and the consensus estimate, Chris Counihan wrote in an initial reaction on Friday. He also pointed out that Brenntag had lowered its EBITA forecast for 2025, and that the midpoint of the range was now slightly below his estimate and significantly below the consensus estimate./rob/ck/he

  Publication of the original study: July 11, 2025 / 3:44 p.m. / Time zone not specified in the study. First distribution of the original study: July 11, 2025 / 3:44 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.

• July 2, 2025

  Berenberg downgrades Brenntag to 'Hold' - target 55 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Brenntag from €71 to €55 and downgraded the chemicals distributor's shares from "Buy" to "Hold." A "gloomy summer" puts the company's annual targets at risk, wrote Carl Raynsford in his reassessment published Thursday. However, this risk has already been largely priced in./rob/ag/gl

  Publication of the original study: July 2, 2025 / 4:24 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), 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 1, 2025

  Goldman lowers target for Brenntag to 85 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - The US investment bank Goldman Sachs has lowered its price target for shares of chemicals distributor Brenntag from 90 to 85 euros, but left the rating at "Buy". Analyst Suhasini Varanasi cut her earnings forecast for 2025 by about 7 percent, as she wrote in her outlook for the reporting season on Tuesday./ag/gl

  Publication of the original study: July 1, 2025 / 8:53 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.

• June 26, 2025

  Warburg Research sees profit warning risks at Brenntag

  HAMBURG (dpa-AFX Analyst) - Chemicals distributor Brenntag is on the list of companies for which the analyst firm Warburg Research fears a profit warning for 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. Brenntag is fundamentally rated "Buy" with a price target of €69./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 13, 2025

  Jefferies lowers Brenntag to 'underperform' and target to 53 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has downgraded Brenntag from "Hold" to "Underperform" and lowered its price target from €63 to €53. In a study released Monday, Chris Counihan cited changes at the top management level (board of directors and finance). He therefore expects the chemicals distributor to begin planning new corporate paths only towards the end of the year, which poses temporary risks with regard to costs and free cash flow. Furthermore, lower demand and lower sales volumes in the industry indicate a risk to short- and medium-term earnings development, he wrote, cutting his estimate for operating profit (Ebita). It is now below the company's own estimate and also below the consensus forecast./rob/ck/mis

  Publication of the original study: June 13, 2025 / 10:32 AM / Time zone not specified in the study

  First distribution of the original study: June 15, 2025 / 10:00 AM / 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 10, 2025

  JPMorgan puts Brenntag on 'Negative Catalyst Watch'

  NEW YORK (dpa-AFX Analyst) - JPMorgan lowered its price target for Brenntag from €60 to €56 and maintained its rating at "Underweight." In addition, Chetan Udeshi placed the stock on "Negative Catalyst Watch" in his analysis published Wednesday. He thereby expressed his skeptical expectations for the chemicals distributor's quarterly results, which are due in mid-August. In the short term, the pressure on results is likely to continue. His adjusted operating earnings estimate (EBITDA) for 2025/26 is, he says, 4 percent below the consensus forecast. Furthermore, the medium-term organic growth prospects with the new CEO are uncertain, according to the expert. He expects strategic changes in the first half of 2026 at the earliest. Udeshi's top favorite in the industry remains IMCD./gl/ag

  Publication of the original study: June 10, 2025 / 9:13 PM / BST. First distribution of the original study: June 11, 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 9, 2025

  Jefferies maintains Brenntag at 'Hold' - target 63 euros

  NEW YORK (dpa-AFX Analyser) - The analysis house Jefferies has maintained its rating for Brenntag at "Hold" with a price target of 63 euros. Operationally, little is currently changing in the market; there is a slight stabilization, but no real recovery, wrote Chris Counihan on Monday following a visit to the chemical distributor's Essen site./rob/ag/ajx

  Publication of the original study: June 9, 2025 / 11:49 AM / Time zone not specified in study

  First distribution of the original study: June 9, 2025 / 7:00 PM / 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 6, 2025

  Warburg Research lowers target for Brenntag to 69 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research lowered its price target for Brenntag from €75 to €69, but maintained its "Buy" rating. A meeting with the CEO and the new CFO reinforced his positive assessment of the chemicals distributor with regard to its strategic direction, market position, and long-term prospects, Christian Cohrs wrote in his response released Friday. However, he lowered the price target due to the subdued economic environment and the weaker-than-expected first quarter./rob/mis/ag

  Publication of the original study: June 6, 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) 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 29, 2025

  Goldman lowers target for Brenntag to 90 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Brenntag from €98 to €90, but maintained its "Buy" rating. Suhasini Varanasi adjusted the chemicals distributor's valuation to reflect lower growth expectations. The weak quarterly results confirmed those of other industry companies such as Azelis. At the same time, however, improvements in selling prices were achieved; and should inflation pick up again, that would be good for the profit margin./ag/mis

  Publication of the original study: May 29, 2025 / 9:26 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.

• May 23, 2025

  Berenberg raises target for Brenntag to 71 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg raised its price target for Brenntag from €68 to €71 after a roadshow and maintained its rating at "Buy." The chemicals distributor's optimism regarding future business development in an uncertain demand environment has reassured him, wrote Carl Raynsford in a commentary published on Tuesday. Brenntag is benefiting from its diversification, even if the company is uncertain when the upswing will arrive. Symrise is particularly confident in the specialty chemicals sector and is confident of cost reductions. The expert adjusted his estimates based on the latest quarterly figures and the company's forecast of stronger second-quarter performance than at the start of the year./rob/gl/ag

  Publication of the original study: May 23, 2025 / 4:44 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.

• May 23, 2025

  UBS leaves Brenntag at 'Neutral' - Target 60 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Brenntag at "Neutral" with a price target of €60. 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, with BASF being the generally 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 14, 2025

  UBS leaves Brenntag at 'Neutral' - Target 60 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Brenntag at "neutral" after the company's earnings release, with a price target of €60. Nicole Manion wrote in a study released Wednesday that margin pressure continues at the chemicals distributor. Given the increasing economic uncertainty and tariff conflicts, the company now expects its annual results to be at the lower end of its previous target range./rob/tih/gl

  Publication of the original study: May 14, 2025 / 6:02 a.m. / GMT First distribution of the original study: May 14, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation for 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 14, 2025

  JPMorgan maintains Brenntag's 'Underweight' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Brenntag at "underweight" with a price target of €60 following the company's earnings release. The chemicals trader still missed the already lowered benchmark in the first quarter, Chetan Udeshi wrote in a study released Wednesday. Also due to currency headwinds and the persistently weak demand environment, the analyst consensus for adjusted operating profit (EBITA) is likely to decline by 4 to 5 percent./rob/tih/edh

  Publication of the original study: May 14, 2025 / 6:52 a.m. / BST

  First distribution of the original study: May 14, 2025 / 6:52 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.

• May 14, 2025

  Warburg Research maintains Brenntag's 'Buy' rating - target 75 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Brenntag at "Buy" following its quarterly results, with a price target of €75. The chemicals distributor has made a false start to 2025 and reduced its annual outlook, Christian Cohrs complained in an initial response released on Wednesday./rob/edh/tih

  Publication of the original study: May 14, 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.

• May 14, 2025

  Jefferies maintains Brenntag's 'Hold' rating - target 67 euros

  NEW YORK (dpa-AFX Analyst) - Following Brenntag's quarterly results, analyst Jefferies maintained its "Hold" rating with a price target of €67. Adjusted operating earnings (EBITA) missed its forecast and the consensus estimate, Chris Counihan wrote in an initial reaction released Wednesday. The chemicals distributor's sales were also weaker than expected./rob/edh/mis

  Publication of the original study: May 14, 2025 / 1:41 a.m. / ET

  First distribution of the original study: May 14, 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.

• May 14, 2025

  Baader Bank maintains Brenntag's 'Add' rating - target 85 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Brenntag at "Add" following the quarterly results, with a price target of €85. The operating figures remained slightly below consensus estimates, Christian Obst wrote in an initial reaction released Wednesday. The chemicals distributor's earnings outlook (EBITA) for the full year has darkened./rob/edh//mis

  Publication of the original study: May 14, 2025 / 7:28 a.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) 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 5, 2025

  Baader Bank maintains Brenntag's 'Add' rating - target 85 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained Brenntag's "Add" rating with a price target of €85. Analyst Christian Obst expects the first quarter of the year to have been difficult. He wrote this in an outlook on the quarterly report published on Monday. He sees no short-term drivers for the chemicals distributor's shares./ajx/bek

  Publication of the original study: May 5, 2025 / 1:47 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), 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 14, 2025

  Berenberg lowers target for Brenntag to 68 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg lowered its price target for Brenntag from €76 to €68, but maintained its "Buy" rating. Analyst Carl Raynsford cut his earnings estimate for the chemicals distributor on Monday evening. He nevertheless remains cautiously optimistic and sees potential for surprises in the second half of the year./ag/gl

  Publication of the original study: April 14, 2025 / 5:21 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), 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 Brenntag's 'Add' rating - target 85 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Brenntag at "Add" with a price target of €85. In an industry study released on Monday, analyst Konstantin Wiechert highlighted stocks from the European chemicals sector that are currently worth considering from a valuation perspective. He stated that chemicals distributor Brenntag does not currently stand out positively in this regard./la/nas

  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), 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

  Goldman raises target for Brenntag to 98 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Brenntag from €92 to €98 and maintained its "Buy" rating. The chemicals distributor's first-quarter figures likely reflect a slow start to the year, analyst Suhasini Varanasi wrote in an outlook published Wednesday. However, the profit recovery should gain momentum in the following quarters, while volume demand remains a short-term risk. Chemicals distributors are generally likely to benefit from the uncertainty surrounding US tariff policy, and Brenntag remains attractively valued. The price target is rising because it is now based on a new forecast period./gl/tav

  Publication of the original study: April 1, 2025 / 12:46 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.

• March 31, 2025

  Jefferies maintains Brenntag's 'Hold' rating - target 67 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Brenntag with a price target of €67. The chemicals trader likely took a small step forward in the first quarter, wrote analyst Chris Counihan in his outlook on the mid-May report published Tuesday. It expects an operating result (EBITA) of €280 million – slightly below the consensus./ag/edh

  Publication of the original study: March 31, 2025 / 12:24 PM / ET

  First distribution of the original study: March 31, 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.

• March 27, 2025

  JPMorgan maintains Brenntag's 'Underweight' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained Brenntag's "Underweight" rating with a price target of €60. Following an in-house industry conference, analyst Chetan Udeshi significantly reduced his estimates for most European chemical companies in a reassessment published Thursday. Many reported disappointing demand developments in the US and, as expected, weak European business, but relatively better trends in China. In addition to BASF, Udeshi also downgraded Arkema to "Underweight" and Victrex to "Neutral." He also recommends Lanxess, Brenntag, and DSM-Firmenich. In contrast, the expert prefers Akzo and Elementis for 2025 and Syensqo, Air Liquide, and Novonesis in the medium term./gl/edh

  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 21, 2025

  Warburg Research raises target for Brenntag to 75 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has raised its price target for Brenntag from €69 to €75 and maintained its "Buy" rating. The chemicals distributor showed improvements on an operational level, wrote analyst Christian Cohrs in his review of the annual report released on Friday. The new price target results from the observation period being moved forward one year./mf/ag

  Publication of the original study: March 21, 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.

• March 14, 2025

  Berenberg maintains Brenntag's 'Buy' rating - target 76 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Brenntag with a price target of €76. According to a commentary released Monday, analyst Carl Raynsford believes the chemicals distributor can achieve more than just the midpoint of its target range for operating profit (EBITA) thanks to cost reductions./ag/edh

  Publication of the original study: March 14, 2025 / 4:49 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), 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 Brenntag's 'Hold' rating - target 67 euros

  NEW YORK (dpa-AFX Analyst) - Following the fourth-quarter results, analyst firm Jefferies maintained its "Hold" rating for Brenntag with a price target of €67. Adjusted operating profit (EBITA) exceeded expectations but fell short of analyst consensus, analyst Chris Counihan wrote in a report on Wednesday. The Essentials division has distinguished itself positively from the rest of the chemicals distributor./tih/gl

  Publication of the original study: March 12, 2025 / 2:49 a.m. / ET First distribution of the original study: March 12, 2025 / 2:49 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.

• March 12, 2025

  UBS leaves Brenntag at 'Neutral' - Target 60 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "neutral" rating on Brenntag following its earnings release, with a price target of €60. The chemicals distributor's adjusted operating result (EBITA) was somewhat disappointing, but the outlook for 2025 was in line with expectations, analyst Nicole Manion wrote in an initial reaction on Wednesday./gl/tih

  Publication of the original study: March 12, 2025 / 7:40 a.m. / GMT First distribution of the original study: March 12, 2025 / 7:40 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.

• March 12, 2025

  Goldman maintains Brenntag's 'Buy' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Brenntag following its earnings release, with a price target of €92. The quarterly figures were somewhat weaker than the market forecast, wrote analyst Suhasini Varanasi in an initial reaction released Wednesday. However, the chemicals distributor's outlook for 2025 is in line with expectations./edh/gl

  Publication of the original study: March 12, 2025 / 6:58 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

  JPMorgan maintains Brenntag's 'Underweight' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Brenntag at "underweight" with a price target of €60 following the company's earnings results. The chemicals distributor's fourth-quarter operating result (EBITA) was weaker than consensus expectations, analyst Chetan Udeshi wrote in a report released Wednesday. The 2025 EBITDA target, meanwhile, is in the middle of the range of the average analyst forecast, but could be "too optimistic," he says./ck/tih

  Publication of the original study: March 12, 2025 / 6:59 a.m. / GMT

  First distribution of the original study: March 12, 2025 / 6:59 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 12, 2025

  Baader Bank maintains Brenntag's 'Add' rating - target 85 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Brenntag at "Add" with a price target of €85. The chemicals distributor's operating result (EBITA) is in line with expectations, wrote analyst Christian Obst in a report published Wednesday. He maintains his assessment that the stock is likely to trade below its long-term valuation average for most of this year. Brenntag is on a long journey to "reinvent itself" with two separate business units./tih/ck

  Publication of the original study: March 12, 2025 / 8:13 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 3, 2025

  Goldman maintains Brenntag's 'Buy' rating - target 92 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Brenntag with a price target of €92. In her commentary published on Tuesday, analyst Suhasini Varanasi addressed the chemicals distributor's continued valuation gap compared to its competitors. She estimates an intrinsic value of between €104 and €173 per share. However, any valuation expectations from a potential spin-off would require comparable growth and profits in the specialties segment to be achieved with IMCD and Azelis./ag/gl

  Publication of the original study: February 3, 2025 / 8:32 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 27, 2025

  Berenberg maintains Brenntag's 'Buy' rating - target 76 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Brenntag with a price target of €76. Recent discussions with the chemicals distributor have made him positive regarding his operating profit estimate for fiscal year 2025, which is slightly above consensus, analyst Carl Raynsford wrote in a report published Monday. He cited tailwinds from exchange rate developments and recently announced acquisitions. Organic growth and further acquisitions should also help the company meet its expectations./ck/tih

  Publication of the original study: January 27, 2025 / 10:50 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 17, 2025

  UBS downgrades Brenntag to 'Neutral' - target down to 60 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has downgraded Brenntag from "Buy" to "Neutral" and lowered its price target from EUR 80 to EUR 60. The chemicals trader's earnings performance is disappointing, wrote Nicole Manion in her analysis published Friday. The company initially considers the planned split into two independent divisions unlikely, given the departure of the CEO and CFO within the next twelve months./ag/la

  Publication of the original study: January 17, 2025 / 01:20 / GMT

  First distribution of the original study: January 17, 2025 / 01:20 / 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 3, 2025

  UBS maintains Brenntag's 'Buy' rating - target 80 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Brenntag with a price target of €80. 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 19, 2024

  Goldman lowers target for Brenntag to 92 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Brenntag from €95 to €92, but maintained its "Buy" rating. Market participants' focus is on the timing of a recovery to more normal economic levels and a return to operating earnings growth, analyst Suhasini Varanasi wrote on Thursday in her outlook for the chemicals trader's quarterly report in mid-March. She trimmed her estimates slightly./ag/la

  Publication of the original study: December 19, 2024 / 11:25 AM / 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.

• December 2, 2024

  JPMorgan maintains Brenntag's 'Underweight' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained Brenntag's "underweight" rating with a price target of €60. Earnings and valuations of the cyclical European chemical companies 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. Brenntag and Lanxess are comparatively unattractive. At Brenntag, there are also uncertainties due to the upcoming leadership change at the end of 2025./gl/ag

  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.

• November 26, 2024

  Goldman raises target for Brenntag to 95 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Brenntag from €94 to €95 and maintained its "Buy" rating. Analyst Suhasini Varanasi reiterated her buy recommendation in her review of the quarterly report on Tuesday evening, given the attractive valuation. However, recent management changes have caused uncertainty./ag/zb

  Publication of the original study: November 26, 2024 / 9:11 PM / CET

  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.

• November 26, 2024

  Baader Bank maintains Brenntag's 'Add' rating - target 85 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Brenntag at "Add" with a price target of €85 in light of the announced departure of CEO Christian Kohlpaintner. These are difficult times for the chemicals trader and its shareholders, analyst Christian Obst wrote in a study published Tuesday. He pointed out that, in addition to a cautious outlook for business operations, the search for two top managers now also speaks against investing in the company or expecting a short-term share price recovery./edh/tih

  Publication of the original study: November 26, 2024 / 2:12 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.

• November 21, 2024

  Berenberg upgrades Brenntag to 'Buy' - target remains at 76 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has upgraded Brenntag's shares from "Hold" to "Buy," with its price target unchanged at €76. After the weak year, the time has now come to buy, wrote analyst Carl Raynsford in his buy recommendation published Friday. The market consensus for the chemicals distributor for the coming year is realistic. Raynsford sees it as positive from a cost perspective that the group has put its plans for a complete demerger on hold. However, two separate sales teams would be sensible./ag/zb

  Publication of the original study: November 21, 2024 / 5:42 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.

• November 12, 2024

  Goldman maintains Brenntag's 'Buy' rating - target 94 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs maintained its "Buy" rating for Brenntag following its third-quarter results, with a price target of €94. While operating profit (EBITA) missed market estimates, it met its own, analyst Suhasini Varanasi wrote in a report released Tuesday. The results are unlikely to be well received by investors./tih/mis

  Publication of the original study: November 12, 2024 / 7:05 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.

• November 12, 2024

  Warburg Research maintains Brenntag's 'Buy' rating - target 75 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Brenntag at "Buy" after the company's earnings release, with a price target of €75. The chemicals distributor's third quarter fell short of expectations, wrote analyst Christian Cohrs in a quick assessment published Tuesday. Consensus estimates are likely to decline./mf/mis

  Publication of the original study: November 12, 2024 / 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.

• November 12, 2024

  UBS maintains Brenntag's 'Buy' rating - target 80 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Brenntag following its quarterly results, with a price target of €80. The chemicals distributor's operating result (adjusted EBITA) missed the consensus estimate by 6 percent, analyst Rory McKenzie wrote in an initial reaction released on Tuesday. However, the confirmed annual outlook could provide some support./edh/tih

  Publication of the original study: November 12, 2024 / 7:32 a.m. / GMT

  First distribution of the original study: November 12, 2024 / 7:32 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 12, 2024

  Baader Bank maintains Brenntag's 'Add' rating - target 85 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Brenntag at "Add" after the company's earnings release, with a price target of €85. The third quarter was once again a difficult one for the chemicals trader, wrote analyst Christian Obst in a study published Tuesday. It was influenced by strong competition and pressured selling prices. Brenntag addressed this with internal optimizations to its pricing and cost structure./tih/zb

  Publication of the original study: November 12, 2024 / 7:36 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.

• November 12, 2024

  JPMorgan maintains Brenntag's 'Underweight' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Brenntag at "underweight" with a price target of €60 following the company's earnings release. The chemicals trader missed the already lower benchmark in the third quarter, analyst Chetan Udeshi wrote in a report released Tuesday. According to his thesis, the consensus for adjusted operating profit (EBITA) is likely to decline by up to 10 percent./tih/zb

  Publication of the original study: November 12, 2024 / 6:51 a.m. / GMT

  First distribution of the original study: November 12, 2024 / 6:51 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 12, 2024

  Jefferies maintains Brenntag's 'Hold' rating - target 67 euros

  NEW YORK (dpa-AFX Analyst) - Following Brenntag's third-quarter results, analyst Jefferies maintained its "Hold" rating with a price target of €67. Adjusted operating profit (EBITA) of €281 million fell slightly short of its expectations and consensus, analyst Chris Counihan wrote in a report released Tuesday. At the division level, he expressed disappointment with the Essentials division, while the other segments met or even exceeded expectations. He sees the shares under pressure on the reporting date./tih/zb

  Publication of the original study: November 12, 2024 / 1:40 AM / ET

  First distribution of the original study: November 12, 2024 / 1:40 AM / 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 18, 2024

  UBS lowers target for Brenntag to 80 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Brenntag from €85 to €80, but maintained its "Buy" rating. There are still few signs of a near-term acceleration in growth in the industrial and business services segment, analyst Rory McKenzie wrote in an industry report released Monday. He has significantly lowered his estimates for the chemicals distributor. The shares are valued comparatively low./bek/mis

  Publication of the original study: October 18, 2024 / 7:40 PM / GMT

  First distribution of the original study: October 18, 2024 / 7:40 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 16, 2024

  JPMorgan maintains Brenntag's 'Underweight' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Brenntag at "underweight" with a price target of €60 ahead of third-quarter results. The economic environment remains challenging for the chemicals trader, analyst Chetan Udeshi wrote in an outlook released Thursday. He therefore maintains his cautious assessment "Negative Catalyst Watch" ahead of the quarterly results./bek/la

  Publication of the original study: October 16, 2024 / 8:07 PM / BST

  First distribution of the original study: October 17, 2024 / 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.

• September 19, 2024

  JPMorgan maintains Brenntag's 'Underweight' rating - target 60 euros

  NEW YORK (dpa-AFX Analyst) - Following a discussion with the CEO, US bank JPMorgan has maintained its rating for Brenntag at "Underweight" with a price target of €60. As analyst Chetan Udeshi wrote in a study published Friday, Christian Kohlpaintner emphasized that the model of a full-range distributor for basic and specialty chemicals is no longer effective. The industry has evolved. Brenntag is therefore pursuing the goal of functionally and legally separating its business units with great effort./tih/la

  Publication of the original study: September 19, 2024 / 8:05 PM / BST

  First distribution of the original study: September 20, 2024 / 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.

• September 12, 2024

  Goldman maintains Brenntag's 'Buy' rating - target 99 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Brenntag with a price target of €99. The chemicals distributor's management remains confident in its medium-term growth and margin targets, analyst Suhasini Varanasi wrote on Thursday after a meeting earlier this week./ag/la

  Publication of the original study: September 12, 2024 / 1:26 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), 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, 2024

  Warburg Research lowers target for Brenntag to 75 euros - 'Buy'

  HAMBURG (dpa-AFX Analyser) - The analysis house Warburg Research has lowered the price target for Brenntag from 79 to 75 euros after an analyst event in Frankfurt, but left the rating at "Buy". Analyst Christian Cohrs adjusted his estimates for the chemicals distributor to reflect the lowered outlook, more cautious statements regarding the outlook for the current half-year, as well as higher interest expenses and a higher tax rate./gl/ag

  Publication of the original study: September 12, 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) 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 Brenntag's 'Buy' rating - target 85 euros

  ZURICH (dpa-AFX Analyst) - Following a conference held by the major Swiss bank, UBS maintained its rating for Brenntag at "Buy" with a price target of €85. 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 inventory levels. 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.