Citi analyst Ranulf Orr maintained a Buy rating on Arkema today and set a price target of €80.00. The company’s shares closed yesterday at €53.85.
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Orr covers the Basic Materials sector, focusing on stocks such as Arkema, Croda International, and Solvay SA. According to TipRanks, Orr has an average return of -4.4% and a 32.43% success rate on recommended stocks.
In addition to Citi, Arkema also received a Buy from UBS’s Geoff Haire in a report issued yesterday. However, on September 30, Jefferies maintained a Hold rating on Arkema (LSE: 0IB0).
Based on Arkema’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €2.4 billion and a net profit of €47 million. In comparison, last year the company earned a revenue of €2.54 billion and had a net profit of €145 million
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- Arkema price target lowered to EUR 65 from EUR 70 at Deutsche Bank
- Positive Outlook for Arkema’s Adhesive Solutions Amid Favorable Market Conditions
- Arkema price target lowered to EUR 70 from EUR 76 at Deutsche Bank
- Arkema price target lowered to EUR 76 from EUR 80 at Deutsche Bank
- Arkema price target lowered to EUR 75 from EUR 82 at Berenberg
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