Citi upgraded Arkema (ARKAY) to Buy from Neutral with a price target of EUR 100, up from EUR 93.50, in a sector note on European Diversified Chemicals. The firm believes the sector is “under-earning, under-owned, and trade on cheap valuations, which limits the downside, but added that its “Deep Dive risk/reward-assessment shows Arkema as best positioned for 2025.” Additionally, Citi opened a pair trade Overweight Arkema vs. Underweight Syensqo.
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Read More on ARKAY:
- Arkema’s Strong Performance Amidst Challenging Conditions
- ARKAY Upcoming Earnings Report: What to Expect?
- Arkema upgraded to Buy from Hold at Berenberg
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
