ZURICH (dpa-AFX Broker) - The major Swiss bank UBS has lowered its price target for BASF from 61 to 58 euros ahead of the second-quarter figures expected at the end of July, but left its rating at "Buy". Analyst Samuel Perry reduced his earnings estimates until 2026, but for 2024 he remains above consensus and the company's targets for operating profit (EBITDA), the expert wrote in a study published on Wednesday. Reduced valuation benchmarks for other sector stocks also contributed to the lowering of the price target./tih/edh

Publication of the original study: 18.06.2024 / 16:17 / GMT

First dissemination of the original study: 18.06.2024 / 16:17 / GMT

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