Kepler Cheuvreux doubt's Syensqo hope for better H2, cuts to 'hold'

Syensqo NV

09/09/2025 08:54

** Kepler Cheuvreux cuts Syensqo SYENS.BR to "hold" from "buy" saying that the chemicals industry remains in a tight place, with uncertainty weighing on demand and volumes

** The broker says it doubts in Syensqo's hope that H2 earnings will be better than H1 as visibility with customers is not happening

** It also flags worsening EUR/USD rate

** It lowers its EPS estimates by 4% on average for 2025-2027, cutting its PT on the stock to EUR 78 from EUR 85

** "As this offers just 4% upside, we downgrade the stock," the broker says

** Out of 19 analysts that cover Syensqo, 12 rate the stock "strong buy" or "buy" and ​seven rate it "hold" - LSEG data

 (Reporting by Jakob Van Calster)

 ((jakob.vancalster@thomsonreuters.com;))