In a report released yesterday, Aron Ceccarelli from Berenberg Bank maintained a Buy rating on Arkema, with a price target of €58.00. The company’s shares closed yesterday at €51.35.
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Ceccarelli covers the Basic Materials sector, focusing on stocks such as Mosaic Co, Arkema, and Sherwin-Williams Company. According to TipRanks, Ceccarelli has an average return of -2.9% and a 44.68% success rate on recommended stocks.
In addition to Berenberg Bank, Arkema also received a Buy from Citi’s Ranulf Orr in a report issued on October 3. However, on October 8, J.P. Morgan maintained a Hold rating on Arkema (LSE: 0IB0).
0IB0 market cap is currently €4.01B and has a P/E ratio of 18.61.
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- Arkema price target lowered to EUR 55 from EUR 65 at JPMorgan
- Arkema price target lowered to EUR 80 from EUR 83 at Citi
- 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
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