Jefferies analyst Chris Counihan downgraded AkzoNobel (AKZOY) to Hold from Buy with a price target of EUR 61, down from EUR 68. The firm cites the lack of EBIT improvement from the underlying business ex-cost reductions, and the lack of meaningful free cash flow generation in fiscal 2025 beyond dividends for the downgrade.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AKZOY:
Questions or Comments about the article? Write to editor@tipranks.com