HAMBURG (dpa-AFX Broker) - The analyst firm Warburg Research has upgraded Brenntag from "Hold" to "Buy", although the price target has been lowered from 85 to 79 euros. The recent slump in the share price of the chemicals trader presents an attractive opportunity for investors, wrote analyst Christian Cohrs in a study published on Tuesday. However, he cut his estimates after a weaker than expected first quarter. A weakness in earnings is probably only temporary and his overall positive stance on Brenntag's business model remains valid./tih/mis

Publication of the original study: 11.06.2024 / 14:00 / CEST

First disclosure of the original study: Date not specified in study / Time not specified in study / CEST

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