FRANKFURT (dpa-AFX) - A cautious analyst commentary from Kepler Cheuvreux weighed on Lanxess shares on Wednesday. The day before, they had already failed at a technical resistance level, the 21-day line.

The chemical company's shares fell by 4.4 percent to EUR 24.63 in the middle of the week, bringing up the rear in the MDax, after Kepler analyst Martin Rodiger withdrew his buy recommendation. Nevertheless, his new price target of 28 euros (old 29) is still higher than the current share price.

Lanxess' recovery attempt, which started at the beginning of December, quickly ran out of steam in the new year. The share price slipped back below the 21-day line, which is an indicator of the short-term trend. The share price had bounced off this trend line several times in recent trading days. It runs at 26.19 euros./mis/jha/