Thursday, 18 April 2024

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Business News

Deutsche Bank Sticks to Its Buy Rating for LANXESS (LNXSF) – TipRanks Financial Blog

Sylvamo management to meet virtually with Seaport Global

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Deutsche Bank analyst Tristan Lamotte maintained a Buy rating on LANXESS (LNXSFResearch Report) today and set a price target of €28.00. The company’s shares closed yesterday at $28.32.

According to TipRanks, Lamotte is a 3-star analyst with an average return of 7.2% and a 90.00% success rate.

In addition to Deutsche Bank, LANXESS also received a Buy from Goldman Sachs’s Georgina Fraser CFA in a report issued on March 25. However, yesterday, UBS maintained a Hold rating on LANXESS (Other OTC: LNXSF).

The company has a one-year high of $41.82 and a one-year low of $20.97. Currently, LANXESS has an average volume of 1,185.

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LANXESS (LNXSF) Company Description:

LANXESS AG is a holding company, which engages in the provision of specialty chemicals. It operates through the following segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, High Performance Materials, and Arlanxeo. The Advanced Intermediates segment consists of industrial chemical intermediates and a key player in the custom synthesis, and manufacturing of chemical precursors and specialty active ingredients. The Specialty Additives segment focuses on specialty additive chemicals. The Performance Chemicals segment covers application-oriented process, and functional chemicals operations. The High Performance Materials segment represents plastic activities in the engineering materials. The Arlanxeo segment refers to synthetic rubber activities. The company was founded on July 1, 2004 and is headquartered in Leverkusen, Germany.

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