MUNICH (dpa-AFX Broker) - Baader Bank has downgraded Brenntag from "Buy" to "Add" and lowered the price target from 99 to 85 euros. 2024 will not be easy for the chemicals trader, analyst Christian Obst wrote in a study published on Monday evening. The expert expects a subdued start to the year. Demand should only pick up slightly, and the company is also likely to face a certain amount of price pressure and cost increases. This applies in particular to the Essentials division. Overall, it is difficult to find arguments for an above-average valuation of the shares in the next three to six months./la/he

Publication of the original study: 22/04/2024 / 13:39 / CEST

First dissemination of the original study: Date not specified in study / Time not specified in study / CEST

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dpa-AFX Broker - the Trader News from dpa-AFX

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dpa-AFX Broker - the Trader News from dpa-AFX

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