Brenntag falls after Deutsche Bank downgrade to 'hold'
16/06/2026 07:38
BUZZ-Brenntag falls after Deutsche Bank downgrade to 'hold' ** Shares of the German chemical distributor Brenntag BNRGn.DE are down 2.3% in early Frankfurt trade after Deutsche Bank cuts to "hold" from "buy"
** The broker says that chemical distributors were likely to benefit from the supply disruptions caused by the Middle East conflict due to higher chemical prices
** Brenntag is particularly dependent on developments in the region due to its higher exposure to oil-linked commodity chemicals, the analyst highlights
** Deutsche Bank therefore concludes that the recent diplomatic deescalation negatively affects Brenntag's business prospects
** Brenntag is the bottom mover in early-Frankfurt trading of the German main index .GDAXI
(Reporting by Simon Ferdinand Eibach)
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