BASF share: Analyst downgraded it - expert opinion and forecast

BASF share: Analyst downgraded it - expert opinion and forecast

According to a report by www.finanzen.net, the US analysis house Bernstein Research has downgraded BASF from “market perform” to “underperform” and lowered the price target from 45 to 39 euros. According to analyst Gunther Zechmann, it is not the right time for investors to look into BASF because, although the company is making progress, it appears to be overvalued and market expectations for 2024 are too high. Even in the scenario of an industry recovery, BASF could lag behind.

As a result of this assessment, BASF shares fell by 2.66 percent to 45.51 euros via XETRA. This means that the share share still has a downward margin of 14.30 percent, measured against the specified price target. Since the beginning of 2024, the stock has fallen by around 5.0 percent. The Q4 2023 financial results are expected to be presented on February 23, 2024.

This rating from Bernstein Research has implications for the market and the industry. The downgrade may affect investors' confidence in BASF and cause them to reduce their investments in the company. This may lead to a decline in stock price and general uncertainty in the industry. In addition, the downgrade could also influence investor behavior and lead to increased demand for other investment opportunities in the chemical sector. Bernstein Research's assessment has a significant impact on market dynamics and investment behavior in the chemical sector.