Lanxess upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs analyst Georgina Fraser upgraded Lanxess to Buy from Neutral with a price target of EUR 43, up from EUR 37. Goldman’s deflationary outlook underpins "strong working capital" relief for Lanxess, and with a free cash flow inflection imminent, the stock’s risk/reward is better, Fraser tells investors in a research note.