NEW YORK (dpa-AFX Broker) - U.S. bank JPMorgan cut its price target for Covestro to 38 euros from 40 euros after key data for 2022 and left its rating at "neutral." Analyst Chetan Udeshi expects another massive correction to market expectations following the operating loss in the fourth quarter, according to a research note presented Monday. Udeshi cut cash inflow and dividend forecasts in addition to earnings estimates. He does not expect a payout in both 2022 and 2023./ag/mis

Publication of the original study: 15.01.2023 / 16:18 / GMT

First disclosure of original study: 16.01.2023 / 00:15 / GMT

-----------------------

dpa-AFX Broker - Trader News from dpa-AFX

-----------------------