Parmantier & Cie. Maintains BASF at Buy With EUR 61 Price Target
Bitget2026/10/28 13:00- Parmantier & Cie. reiterated Buy on BASF with a EUR 61 three-to-six-month price target in its Oct. 28, 2026 report.
- CEO Markus Kamieth’s consolidation comments reinforced the firm’s case for a combination with Evonik, but did not confirm a transaction.
- The firm’s illustrative 2029 scenario projects EUR 11.8 billion combined EBITDA, with net debt including pensions around twice EBITDA.
- Third-quarter EBITDA before special items rose 14.9% to EUR 1.64 billion.
- Full-year EBITDA guidance increased to EUR 7.4 billion–EUR 7.8 billion.
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