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LNZ - Lenzing AG News Story

€42.75 -0.5  -1.2%

Last Trade - 12:24pm

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.04bn
Enterprise Value £1.82bn
Revenue £1.65bn
Position in Universe 345th / 1031

BUZZ-EU chemicals: Difficulties will persist in 2020 - Kepler

Tue 4th February, 2020 8:28am
** Recovery in the European chemicals sector is still a few
quarters away due to volatile oil prices and the coronavirus
outbreak, Kepler Cheuvreux says
    ** The broker adds it sees low demand in H1, which is the
seasonally more important part of the year
    ** Kepler says its new most preferred stock is Linde  LIN.N 
as industrial gas companies have proven resilient thanks to
long-term deals and healthcare activities
    ** The broker keeps AkzoNobel  AKZO.AS  as its "stock to
avoid," saying markets overestimate the company's shareholder
return programme, which "used to be impressive but is over now"
    ** Lenzing's  LENV.VI  key prices in viscose and lyocell
continue to fall, the broker says, and cuts the Austrian
chemicals company to "hold" from "buy" 
    ** Kepler ups Dutch fertilizer company OCI  OCI.AS  to "buy"
from "hold" and French chemicals maker Arkema  AKE.PA  to "hold"
from "reduce" on valuation grounds

 ((zuzanna.szymanska@tr.com))
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