BASF : HSBC remains 'hold', but target revised upwards
In a research note, the intermediary explains that the improvement in business volumes - even compared with depressed levels - has helped to improve market sentiment, despite results that are still at half-mast and targets that appear quite ambitious.
However, the analyst believes that the arrival of a new CEO in April could give fresh strategic impetus to the German chemicals group, whose share price seems to have bottomed out in view of the prospect of a generous dividend, representing a 7% yield, in April.
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