Jefferies rates Brenntag as "Hold" - Target 67 Euro
Jefferies analyst Michael Schäfer has given Brenntag a "Hold" rating with a target price of 67 euros.
The analyst believes that Brenntag is a "well-run company with a strong market position." However, he also believes that the company's "valuation is demanding" and that there are "better opportunities" available in the market.
Brenntag is a leading global chemical distributor.
The company has a strong market position in Europe and North America, and it is also growing rapidly in Asia. Brenntag's customers include industrial companies, manufacturers, and consumers.
The company's shares have performed well in recent years, but they have been under pressure in recent months due to concerns about the global economy.
- Jefferies analyst Michael Schäfer has given Brenntag a "Hold" rating with a target price of 67 euros.
- The analyst believes that Brenntag is a "well-run company with a strong market position."
- However, he also believes that the company's "valuation is demanding" and that there are "better opportunities" available in the market.