Goldman Sachs analyst Georgina Fraser double-upgraded AkzoNobel (AKZOY) to Buy from Sell with a price target of EUR 75, up from EUR 57. Following 44 months of negative consensus revisions and share price de-rating, the firm expects a trough to be reached during the first half of 2025 and for the company to re-rate around German fiscal reform. Goldman also raised its FY25, FY26, and FY27 adjusted EBITDA estimates on a more optimistic European growth and pricing outlook, the analyst tells investors in a research note.
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Read More on AKZOY:
- AkzoNobel upgraded to Buy from Neutral at Goldman Sachs
- AkzoNobel confirms offer to acquire Powder Coatings operations from subsidiary
- AkzoNobel price target lowered to EUR 74 from EUR 75 at Deutsche Bank
- AkzoNobel downgraded to Hold from Buy at Jefferies
- Akzo Nobel NV: Hold Rating Amidst Uncertain Prospects and Strategic Challenges
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