Stifel Nicolaus analyst Andreas Heine maintained a Hold rating on Wacker Chemie AG (WKCMF – Research Report) today and set a price target of €77.00.
Andreas Heine has given his Hold rating due to a combination of factors affecting Wacker Chemie AG. The company’s guidance for 2025 EBITDA is between €0.7-0.9 billion, which aligns closely with market expectations but reflects some uncertainty, particularly in the polysilicon segment. The polysilicon market is facing significant challenges, especially in the US, where there is high uncertainty due to anti-dumping investigations and gray imports, affecting demand and utilization rates.
Despite these challenges, there are areas of growth within the company. Silicones are expected to see solid growth with a 10% year-over-year increase in sales, while Polymers and Biosolutions are projected to experience slight growth. However, the corporate line is negatively impacted by Siltronic losses, which are expected to be higher than consensus estimates. These mixed factors contribute to a cautious outlook, justifying the Hold recommendation.
In another report released today, J.P. Morgan also maintained a Hold rating on the stock with a €107.00 price target.
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