Oddo BHF maintains its 'hold' rating on Lanxess shares, with an unchanged target price of 28 euros.

The analyst nevertheless announces a 5% reduction in EBITDA forecasts for fiscal 2024, targeting 573 ME, in line with guidance.

The broker points out that its forecasts for fiscal 2025 are 10% above the H2-24 execution rate (and +7% ahead of consensus).

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