Evonik jumps, as DB sees strong Q2 EBITDA, raises target price
19/06/2026 08:42
BUZZ-Evonik jumps, as DB sees strong Q2 EBITDA, raises target price ** Shares of Evonik EVKn.DE jump 4.3% after Deutsche Bank forecasts strong Q2 operating profit, raises target price to €17 from €16
** We forecast a strong Q2 with EBITDA up 22% year on year to €625 million, 10% above Vara consensus, DB says
** The growth should be driven by the more commoditised division Advanced Technologies (Methionine and Crosslinkers) as well as C4 and Infrastructure, it adds
** The brokerage also forecast FY26 EBITDA of €2.09 billion, 7% above its previous forecast, as a strong Q2 "beat" and some of the strength are likely to carry over to Q3
** Out of 18 analysts, 11 rate the stock "strong buy" or "buy", seven rate it "hold" - LSEG data
(Reporting by Anastasiia Kozlova)
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