Price targets

Analyst ratings

3 analysts rated this company in the past 90 days. The average target price is €61.67, this is a change of +3.7% compared to the current price.

• July 2, 2025

  Berenberg maintains Covestro on 'Hold' - target 61 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for Covestro with a price target of €61. The chemical company will likely soon lower its earnings estimate for 2025, Sebastian Bray wrote in his commentary published Thursday. The expert predicts that operating profit (EBITDA) will likely fall from the current €1 billion to €1.4 billion to just €0.8 billion to €1.2 billion. The reasons are the weak US dollar, fierce price competition in Asia, and trade conflicts./rob/bek/ag

  Publication of the original study: July 2, 2025 / 4:45 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

  UBS maintains Covestro at 'Neutral' - Target 62 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Covestro at "Neutral" with a price target of €62 ahead of second-quarter results. Analyst Geoff Haire wrote in a study released Thursday that he expects operating profit to be ten percent lower than the consensus estimate. He is also more pessimistic about the full year than the analyst average, expecting narrowing spreads in the second half of the year./tih/jha/

  Publication of the original study: June 26, 2025 / 5:03 PM / GMT

  First distribution of the original study: June 26, 2025 / 5:03 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 4, 2025

  UBS maintains Covestro at 'Neutral' - Target 62 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Covestro at "Neutral" with a price target of €62. Geoff Haire, in his assessment published Thursday, is not exactly optimistic about the chemicals sector, predicting that 2025 and 2026 will likely be years of low volume growth. He incorporated 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.

• May 23, 2025

  UBS maintains Covestro at 'Neutral' - Target 62 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Covestro at "Neutral" with a price target of €62. 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 6, 2025

  Jefferies maintains Covestro at 'Hold' - target 62 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Covestro with a price target of €62. Operating profit (EBITDA) missed its forecast but clearly exceeded the market consensus, Chris Counihan wrote on Tuesday following the quarterly results. Meanwhile, the EBITDA target for the second quarter is below its own and the market estimate./ag/gl

  Publication of the original study: May 6, 2025 / 1:29 a.m. / ET First distribution of the original study: May 6, 2025 / 1:29 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.

• April 3, 2025

  Deutsche Bank Research maintains Covestro at 'Hold' - target 62 euros

  FRANKFURT (dpa-AFX Analyser) - Deutsche Bank Research has maintained its rating for Covestro at "Hold" with a price target of 62 euros ahead of quarterly figures. The plastics group's operating result (EBITDA) is likely to have fallen by 56 percent year-on-year, but remain above the midpoint of the company's target range, wrote analyst Virginie Boucher-Ferte in an outlook published on Thursday./edh/tih

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

  First distribution of the original study: April 3, 2025 / 8:16 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.

• February 27, 2025

  Deutsche Bank Research maintains Covestro at 'Hold' - target 62 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research maintained its "Hold" rating for Covestro following fourth-quarter results, with a price target of €62. On an adjusted basis, the results missed expectations, wrote analyst Virginie Boucher-Ferte in a study released Thursday. However, the plastics company's focus is on the takeover by Adnoc, which is expected to be completed in the second half of the year./ck/la

  Publication of the original study: February 27, 2025 / 8:10 a.m. / CET. First distribution of the original study: February 27, 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.

• February 27, 2025

  Berenberg raises target for Covestro to 61 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for Covestro from €60 to €61 and maintained its "Hold" rating. Analyst Sebastian Bray wrote in a study released Thursday that the plastics company faces a long road out of the slump. While there are positive signs, it looks as if 2025 will again be marked by a decline in market expectations. He cited restructuring costs, the currently high level of European natural gas prices, and overcapacities in the value chains./tih/la

  Publication of the original study: February 27, 2025 / 6:55 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 26, 2025

  UBS maintains Covestro at 'Neutral' - Target 62 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on Covestro following its earnings release, with a price target of €62. The plastics company clearly surprised with its reported operating result (EBITDA) last quarter, analyst Geoff Haire wrote in an initial reaction on Wednesday. The midpoint of the EBITDA target range for 2025 is just below the consensus forecast, but slightly above his estimate. The focus, meanwhile, is on the progress of the takeover by Adnoc./gl/edh

  Publication of the original study: February 26, 2025 / 07:38 / GMT First distribution of the original study: February 26, 2025 / 07:38 / 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 12, 2024

  Baader Bank maintains Covestro at 'Add' - target 53 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Covestro at "Add" with a price target of €53. According to his outlook on Thursday, analyst Konstantin Wiechert expects very weak quarterly results. His estimates for 2025 are also well below consensus. These prospects once again underscored the attractiveness of the takeover offer for investors./ag/ajx

  Publication of the original study: December 12, 2024 / 1:14 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 8, 2024

  UBS maintains Covestro at 'Neutral' - Target 62 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Covestro at "Neutral" with a price target of €62. 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

  JPMorgan maintains Covestro at 'Neutral' - Target 62 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a "neutral" rating on Covestro with a price target of €62. 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 on Monday. Accordingly, short-term earnings momentum is likely to remain negative. At Covestro, the focus is not on fundamentals, but on the impending takeover by Adnoc./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.

• October 30, 2024

  Deutsche Bank Research maintains Covestro's 'Buy' rating - target EUR 62

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Covestro at "Buy" with a price target of €62. The reduction in the annual targets was to be expected, wrote analyst Virginie Boucher-Ferte in her commentary on the quarterly report published on Wednesday./ag/nas

  Publication of the original study: October 30, 2024 / Time not specified in study / CET

  First distribution of the original study: October 30, 2024 / 08:17 / 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 29, 2024

  JPMorgan maintains Covestro at 'Neutral' - Target 62 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Covestro at "Neutral" with a price target of €62. The plastics company slightly missed expectations in the third quarter, wrote analyst Chetan Udeshi in his commentary published on Wednesday. He adjusted his valuation model./ag/stk

  Publication of the original study: October 29, 2024 / 7:17 p.m. / GMT

  First distribution of the original study: October 30, 2024 / 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.

• October 29, 2024

  Berenberg raises target for Covestro to 61 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg raised its price target for Covestro from €58 to €61, but maintained its "Hold" rating. The plastics company's recovery is slow, analyst Sebastian Bray wrote on Tuesday evening after the company released its results. However, a takeover by Adnoc is very likely. The new target price is now only one euro below the amount of the Adnoc offer./ag/zb

  Publication of the original study: October 29, 2024 / 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.

• October 29, 2024

  UBS maintains Covestro at 'Neutral' - Target 62 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Covestro at "Neutral" with a price target of €62. The price reaction is likely to be limited, analyst Geoff Haire wrote on Tuesday morning after the company's results. The focus is on the acquisition by Adnoc./ag/mis

  Publication of the original study: October 29, 2024 / 7:05 a.m. / GMT

  First distribution of the original study: October 29, 2024 / 7:05 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 29, 2024

  JPMorgan maintains Covestro at 'Neutral' - Target 62 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Covestro at "Neutral" following its third-quarter results, with a price target of €62. The chemical company performed somewhat weaker than market expectations, analyst Chetan Udeshi wrote on Tuesday morning. Market expectations for the final quarter could decline slightly. However, given the takeover offer by the oil company Adnoc, the results had little impact on the share price./mis/ag

  Publication of the original study: October 29, 2024 / 7:23 a.m. / GMT

  First distribution of the original study: October 29, 2024 / 7:23 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.

• October 29, 2024

  Jefferies maintains Covestro at 'Hold' - target 62 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Covestro with a price target of €62. Operating profit was slightly above its forecast but slightly below consensus, analyst Chris Counihan wrote on Tuesday morning. The Solutions & Specialties division performed better than expected, while Performance Materials left much to be desired./ag/mis

  Publication of the original study: October 29, 2024 / 2:25 a.m. / ET

  First distribution of the original study: October 29, 2024 / 2:25 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 raises target for Covestro to 62 euros - 'Neutral'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Covestro from 52 to 62 euros, but left the rating at "neutral." 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 risks for the automotive sector. Within the sector, he favors shares of consumer chemicals companies and industrial gas producers, while being most pessimistic about agricultural chemicals. For Covestro, the expert adjusted the price target to reflect Adnoc's offer./ajx/mis

  Publication of the original study: October 14, 2024 / 3:17 a.m. / GMT First distribution of the original study: October 14, 2024 / 3:17 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.

• October 8, 2024

  Deutsche Bank Research raises target for Covestro to 62 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has raised its price target for Covestro from €58 to the €62 per share offered by the UAE-based state-owned oil company Adnoc, and maintained its rating at "Buy." Analyst Virginie Boucher-Ferte wrote this in an outlook on the plastics company's upcoming quarterly results published on Tuesday./gl/nas

  Publication of the original study: October 8, 2024 / 8:10 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 1, 2024

  Jefferies downgrades Covestro to 'Hold' - target remains at 62 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its price target for Covestro at the level of Adnoc's offer of €62 and downgraded the shares from "Buy" to "Hold." "The end is in sight," wrote analyst Chris Counihan in his commentary on the takeover attempt by the United Arab Emirates-based oil company published Wednesday. Covestro supports the project./ag/gl

  Publication of the original study: October 1, 2024 / 10:44 AM / ET First distribution of the original study: October 1, 2024 / 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.

• October 1, 2024

  UBS maintains Covestro at 'Neutral' - target 52 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Covestro at "Neutral" with a price target of €52. According to his commentary on the ADNOC takeover offer on Tuesday, analyst Geoff Haire sees few regulatory hurdles./ag/la

  Publication of the original study: October 1, 2024 / 8:37 a.m. / GMT

  First distribution of the original study: October 1, 2024 / 8:37 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.

• October 1, 2024

  Jefferies maintains Covestro at 'Buy' - target 62 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Covestro at "Buy" with a price target equal to the takeover offer of €62. "The whale and the piebald are finally setting sail," wrote analyst Chris Counihan on Tuesday morning regarding Adnoc's takeover offer. He sees little regulatory risk./ag/edh

  Publication of the original study: October 1, 2024 / 3:17 a.m. / ET

  First distribution of the original study: October 1, 2024 / 3:17 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), 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 24, 2024

  Berenberg maintains Covestro on 'Hold' - target 58 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for Covestro with a price target of €58. The chemical company is confident about its talks with Adnoc, analyst Sebastian Bray wrote in a report released Wednesday after a discussion with the head of investor relations at an investor conference. Adnoc appears willing to guarantee Covestro's management independence. Meanwhile, moderate demand is expected to continue in the third quarter./mf/ajx

  Publication of the original study: September 24, 2024 / 1:47 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 12, 2024

  Berenberg maintains Covestro on 'Hold' - target 58 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for Covestro with a price target of €58. "Some are happy and many are hopeful," wrote analyst Sebastian Bray in his commentary on a chemical industry conference on Friday. The plastics company emphasized how quickly a recovery could come, especially after a long period of low margins. However, after the conference, Bray feels it will take several more months for things to improve./ag/la

  Publication of the original study: September 12, 2024 / 5:00 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 12, 2024

  Jefferies maintains Covestro at 'Buy' - target 62 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Buy" rating for Covestro with a price target of €62. In his commentary published Friday, analyst Chris Counihan cut his operating earnings estimates for the plastics company for the next three years by an average of 8 percent. However, he leaves his price target unchanged in view of the Adnoc offer./ag/zb

  Publication of the original study: September 12, 2024 / 1:46 PM / ET

  First distribution of the original study: September 12, 2024 / 7:02 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.

• September 10, 2024

  UBS maintains Covestro at 'Neutral' - target 52 euros

  ZURICH (dpa-AFX Analyst) - Following a meeting with the plastics company's China President Holly Lei, UBS has maintained a "neutral" rating on Covestro with a price target of €52. According to his analysis, supply for the foam precursors MDI and TDI will increase, particularly in China, analyst Geoff Haire wrote in a study published Tuesday. At the same time, net demand is expected to be positive globally from 2026 onwards, which would lead to an improvement in capacity utilization. He also added that MDI capacity growth will slow from 2026 onwards, writing that Covestro largely agrees with him on this point./ck/la

  Publication of the original study: September 10, 2024 / 7:05 a.m. / GMT

  First distribution of the original study: September 10, 2024 / 7:05 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.

• September 6, 2024

  UBS maintains Covestro at 'Neutral' - target 52 euros

  ZURICH (dpa-AFX Analyst) - Following a conference held by the major Swiss bank, UBS maintained its rating for Covestro at "Neutral" with a price target of €52. 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.

• September 5, 2024

  Barclays maintains Covestro at 'Equal Weight' - target 61 euros

  LONDON (dpa-AFX Analyser) - The British investment bank Barclays has maintained its rating for Covestro at "Equal Weight" with a price target of 61 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 28, 2024

  JPMorgan maintains Covestro at 'Neutral' - Target 62 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Covestro at "Neutral" with a price target of €62. In a study published Thursday, analyst Chetan Udeshi updated his valuation model for the plastics manufacturer following its second-quarter results. He also now takes new market trends into account. However, he wrote that his valuation or price target had not changed.

  Publication of the original study: August 28, 2024 / 7:42 PM / BST. First distribution of the original study: August 29, 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.

• August 15, 2024

  Berenberg maintains Covestro on 'Hold' - target 58 euros

  HAMBURG (dpa-AFX Analyser) - The private bank Berenberg has maintained its rating for Covestro at "Hold" with a price target of 58 euros. Despite the recent moderate share price losses, analyst Sebastian Bray wrote in a study released Friday that he still believes there is an 80 percent probability that the Arab oil company Adnoc will take over the plastics producer./edh/mis

  Publication of the original study: August 15, 2024 / 6:30 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.

• August 11, 2024

  UBS maintains Covestro at 'Neutral' - target 52 euros

  ZURICH (dpa-AFX Analyst) - UBS has maintained a "Neutral" rating on Covestro with a price target of €52. 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. In the diversified subsector, customer inventories at Lanxess, BASF, and Clariant were the lowest compared to the average, while Covestro and Arkema had the highest. In general, Haire pointed out that the most recent key macroeconomic indicators in China, Europe, and the US remain in contraction territory./ck/ajx

  Publication of the original study: August 11, 2024 / 3:12 AM / GMT

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