AKZONOBEL : price target lowered by Deutsche Bank
"In order to alleviate pressure, the company has taken additional cost-cutting measures and targeted pricing initiatives which will start to support the income statement from the third quarter onwards", points out the broker, however.
Also expecting some weather-related catch-up in decorative paints in the third quarter, Deutsche Bank believes that the Dutch chemical group will post its target of a sequential increase in EBITDA.
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