Citi reinstated coverage of BASF (BASFY) with a Neutral rating and EUR 51 price target following a period of the rating being suspended. BASF will report detailed full-year results this Friday and the firm expects the EBITDA guidance to be “around” the firm’s consensus forecast of EUR 8.4B, but it sees risk that free cash flow guidance may fall short of expectations, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BASFY:
- BASFY Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- BASF SE: Hold Rating Amid Limited Upside and Market Uncertainties
- BASF downgraded to Hold from Buy at Berenberg
- Sherwin-Williams to buy BASF Brazilian architectural paints business for $1.15B
- BASF price target raised to EUR 51 from EUR 46 at Citi