NEW YORK (dpa-AFX Broker) - The analyst firm Jefferies has downgraded Lanxess from "Hold" to "Underperform" and lowered the price target from 24 to 22 euros. Although there are initial signs of a recovery in demand, which is positive for the chemicals group in the short term, analyst Chris Counihan wrote in a study published on Friday. However, the debt is too high and involves risks. The expert lowered his forecast for the operating result (EBITDA). According to his own statements, he is now below the lower end of the company's target range for 2024 and well below the consensus estimate for 2025./gl/zb

Publication of the original study: 16.05.2024 / 09:20 / ET First transmission of the original study: 16.05.2024 / 19:05 / ET

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