BASF shares downgraded: Experts see more interesting values ​​in the chemical industry

BASF shares downgraded: Experts see more interesting values ​​in the chemical industry

According to a report by www.4investors.de, Bernstein analysts have downgraded BASF shares. They believe that there are currently interesting values ​​in the chemical industry, but they believe that BASF shares are overvalued. They also predict that the price target will fall from EUR 45.00 to EUR 39.00 and the new vote for the DAX share will be “underperform”.

This gradation of Bernstein is expected to have an impact on the market and the financial industry. The negative assessments could weaken investor confidence in BASF and lead to a decline in the share price. Additionally, other companies in the chemical industry could benefit from Bernstein's positive assessments, as investors may reallocate their capital from BASF to these companies.

BASF shares have already fallen by 2.4 percent to 45.635 euros, which is due to the downgrade. Over the last twelve months, the stock has lost almost 14 percent of its value, showing that investor confidence has already weakened.

It remains to be seen how investors and the market as a whole will react to this downgrade. However, it is clear that Bernstein's assessments will play a significant role in influencing investor interest in BASF and other companies in the chemical industry.