FRANKFURT (dpa-AFX Broker) - DZ Bank has left the rating for Covestro at "Buy" with a fair value of 63 euros in view of concrete takeover negotiations with Adnoc. In the view of analyst Peter Spengler, an offer of EUR 62 per share does not reflect the fair value for a complete takeover of Covestro. As he wrote in a study published on Wednesday, the plastics group is a cyclical company that is currently in a trough. However, he expressly points out that the talks with the state-owned oil company from Abu Dhabi could fail. In that case, share price gains could be lost again due to the takeover fantasy./tih/la

Publication of the original study: 03.07.2024 / 10:15 / CEST

First dissemination of the original study: 03.07.2024 / 10:41 / CEST

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