NEW YORK (dpa-AFX Broker) - The US analyst firm Bernstein Research has raised the price target for Symrise from 103 to 108 euros and left the rating at "Market-Perform". A recovery in the chemical industry is likely to be protracted and no strong recovery in demand is expected, wrote analyst Gunther Zechmann in an industry outlook for 2024 published on Wednesday. However, cost pressure is also easing in view of falling raw material costs. In this environment, the expert prefers shares in chemical companies whose products are geared more towards end consumers. Here he mentions Novozymes, DSM-Firmenich and IFF in particular. He recommends avoiding early-cycle stocks such as BASF./mis/edh

Publication of the original study: 09.01.2024 / 05:05 / UTC

First dissemination of the original study: 10/01/2024 / 18:31 / UTC

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