NEW YORK (dpa-AFX Broker) - The US bank JPMorgan has given Brenntag shares "Negative Catalyst Watch" status, expecting rather bad news with a view to the fourth quarter figures. The rating was left at "Underweight" with a target price of 72 euros. The economic environment remains difficult for chemical companies, as demand has stabilized at a low level, but no significant upward trend can yet be seen, wrote analyst Chetan Udeshi in a sector study published on Monday. Against this backdrop, the outlook of European companies in the sector for 2024 is likely to be rather cautious and lead to falling consensus estimates./edh/ajx

Publication of the original study: 22.01.2024 / 01:31 / GMT

First dissemination of the original study: 22.01.2024 / 02:15 / GMT

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------