1102 GMT - BASF's shares could fall below 40 euros a share for the first time since October 2022, as weak demand makes additional cuts to consensus estimates likely, Berenberg's Sebastian Bray writes. Cuts of 10% are possible, reflecting reduced demand and margins as well as the German chemical giant's sale of 60% of its coatings business, the analyst says. It could take up to three years or longer for BASF to exit the remaining 40% stake, the analyst says. Berenberg cuts its recommendation on BASF stock to sell from hold and lowers its target price to 37 euros from 44 euros. Shares fall 2.2% to 41.73 euros. (william.gray@wsj.com)
(END) Dow Jones Newswires
October 14, 2025 07:03 ET (11:03 GMT)
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