BASF

Analyst updates, 02.12.24:

⬆️⬆️⬆️

- EXANE BNP upgrades NOVO NORDISK to Outperform. Target price DKK 930. $NOVO B

- HSBC upgrades LVMH to Buy. Target price EUR 727. $MC (-0,12%)

- WARBURG RESEARCH raises target price for MTU from EUR 278 to EUR 297. Hold. $MTX (-0,09%)

- GOLDMAN raises the price target for VISA from USD 324 to USD 347. Buy $V (+0,07%)

- DEUTSCHE BANK RESEARCH upgrades BASF from Hold to Buy and raises price target from EUR 50 to EUR 55. $BAS (-0,02%)

- DEUTSCHE BANK RESEARCH upgrades BURBERRY from Hold to Buy and raises target price from GBP 8.60 to GBP 11.80. $BRBY (-0,27%)

- GOLDMAN raises the target price for AROUNDTOWN from EUR 2.90 to EUR 3.70. Buy. $AT1 (-0,46%)

- GOLDMAN downgrades TOAST from Buy to Neutral and raises target price from USD 34 to USD 45. $TOST (+0,07%)

- HSBC upgrades HERMES to Buy. Target price 2500 EUR. $RMS (-0,11%)

- MORGAN STANLEY upgrades ZEBRA TECH to Equal-Weight. Target price 400 USD. $ZBRA (+0,12%)

- JPMORGAN upgrades AIR LIQUIDE from Neutral to Overweight and raises target price from EUR 161 to EUR 195. $AI (+0,03%)

- JPMORGAN raises target price for PUMA SE from EUR 44 to EUR 47. Neutral. $PUM (-0,41%)

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- GOLDMAN lowers the price target for MASTERCARD from USD 563 to USD 557. Buy. $MA (-0,21%)

- WARBURG RESEARCH lowers the price target for AIXTRON from EUR 26 to EUR 24. Buy. $AIXA (-0,3%)

- METZLER lowers the price target for WACKER NEUSON from EUR 14.50 to EUR 14. Hold. $WAC (+0%)

- DEUTSCHE BANK RESEARCH downgrades K+S from Hold to Sell and lowers target price from EUR 9.75 to EUR 9.50. $SDF (-0,07%)

- BERENBERG lowers the price target for BP from GBP 4.70 to GBP 4.40. Hold. $BP. (-0,08%)

- RBC downgrades IBERDROLA from Outperform to Sector-Perform. Target price EUR 14 $IBE (-0,91%)

- RBC lowers the price target for RWE from EUR 52.50 to EUR 45.50. Outperform. $RWE (-0,38%)

- JPMORGAN lowers the target price for ORSTED from DKK 460 to DKK 430. Neutral. $ORSTED (-0,49%)

- JPMORGAN lowers the price target for ADIDAS from EUR 275 to EUR 266. Overweight. $ADS (+0,04%)

- JPMORGAN lowers the price target for LVMH from EUR 685 to EUR 650. Neutral. $MC (-0,12%)

- JPMORGAN lowers the price target for HUGO BOSS from EUR 43 to EUR 42. Neutral. $BOSS (-0,04%)

⬆️⬆️⬆️

- GOLDMAN raises the price target for DELL from USD 155 to USD 165. Buy. $DELL (+0,14%)

- GOLDMAN raises the price target for ANALOG DEVICES from USD 247 to USD 261. Buy. $ADI (+0,13%)

- GOLDMAN raises the price target for HP INC from USD 35 to USD 38. Neutral. $HPQ (+0,81%)

- WARBURG RESEARCH raises the price target for VONOVIA from EUR 40.20 to EUR 42.30. Buy. $VNA (+0%)

- WARBURG RESEARCH upgrades STRATEC from Hold to Buy. Target price 40 EUR. $SBS4

- DEUTSCHE BANK RESEARCH raises the price target for DEUTSCHE BÖRSE from EUR 235 to EUR 237. Buy. $DB1 (-0,04%)

- MORGAN STANLEY raises the target price for DEUTSCHE TELEKOM from EUR 33 to EUR 38. Overweight. $DTE (-0,14%)

- GOLDMAN raises the price target for TRATON from EUR 31.80 to EUR 35.50. Neutral. $8TRA (+0,09%)

- GOLDMAN raises the price target for BRENNTAG from EUR 94 to EUR 95. Buy. $BNR (-0,02%)

- BERENBERG upgrades EQUINOR from Hold to Buy and raises target price from NOK 290 to NOK 325. $EQNR (+0,38%)

- JPMORGAN raises the target price for BEIERSDORF from EUR 150 to EUR 160. Overweight. $BEI (-0,73%)

- JPMORGAN upgrades HENKEL from Neutral to Overweight and raises target price from EUR 82 to EUR 100. $HEN (-0,03%)

- JPMORGAN upgrades BRITISH AMERICAN TOBACCO to Neutral. $BATS (+0,48%)

- JPMORGAN raises the price target for EON from EUR 15.50 to EUR 16. Overweight. $EOAN (-0,07%)

- JPMORGAN raises the target price for AUTO1 from EUR 12.10 to EUR 17.10. Overweight. $AG1 (-0,13%)

⬇️⬇️⬇️

- STIFEL lowers the price target for SIEMENS from EUR 207 to EUR 202. Buy. $SIE (-0,06%)

- JPMORGAN lowers the price target for HP INC from USD 41 to USD 40. Overweight. $HPQ (+0,81%)

- WARBURG RESEARCH lowers the price target for LANXESS from EUR 40 to EUR 37. Buy. $LXS (+0,23%)

- CITIGROUP lowers the price target for BASF from EUR 49 to EUR 46. Neutral. $BAS (-0,02%)

- RBC lowers the target price for COMMERZBANK from EUR 18 to EUR 17.25. Sector Perform. $CBK (+0,06%)

- RBC lowers the target price for ING from EUR 17.50 to EUR 16.75. Sector-Perform. $ING (-0,33%)

- RBC lowers the price target for BNP PARIBAS from EUR 79 to EUR 78. Outperform. $BNP (-0,8%)

- JPMORGAN lowers the price target for ELRINGKLINGER from EUR 6.70 to EUR 6. Neutral. $ELLRY

- JPMORGAN lowers the price target for SYMRISE from EUR 130 to EUR 120. Overweight. $SY1 (+0,01%)

$BAS (-0,02%) BASF is my money-printing machine.

It prints a lot of money every year (dividends) and the sales value of the money-printing machine is irrelevant.

With this approach, I inherited 2,600 shares in 2020 and decided to hold them.

In 2021, 2022, 2023 and 2024, the machine printed €8,840 each year. In 2025 it will probably only be ~€6,000. Still okay, but nevertheless, the money printing machine is on shaky ground. Not much should go wrong in the next few years. Otherwise the machine will stop printing and I can sell it at the flea market.

⬆️⬆️⬆️

- UBS raises its price target for NVIDIA from USD 150 to USD 185. Buy. $NVDA (+0,69%)

- METZLER raises the price target for MUNICH RE from EUR 535 to EUR 543. Buy. $MUV2 (-0,06%)

- GOLDMAN lowers the target price for NOVO NORDISK from DKK 1040 to DKK 1025. Buy. $NOVO B (+1,75%)

- GOLDMAN upgrades MTU from Neutral to Buy and raises target price from EUR 276 to EUR 400. $MTX (-0,09%)

- GOLDMAN upgrades BASF from Neutral to Buy and raises target price from EUR 45 to EUR 53. $BAS (-0,02%)

- DEUTSCHE BANK RESEARCH raises the price target for FRESENIUS SE from EUR 42 to EUR 44. Buy. $FRE (-0,01%)

- DEUTSCHE BANK RESEARCH raises the price target for EMBRACER from SEK 24 to SEK 28. Hold. $TH9A

- DEUTSCHE BANK RESEARCH raises the price target for AMADEUS IT from EUR 62 to EUR 65. Hold. $AMS (+0,04%)

- DEUTSCHE BANK RESEARCH raises the price target for NEMETSCHEK from EUR 85 to EUR 100. Hold. $NEM (+0,11%)

- WARBURG RESEARCH raises the price target for DÜRR from EUR 32 to EUR 33. Buy. $DURYY

- HAUCK AUFHÄUSER IB upgrades CANCOM from Hold to Buy. Target price EUR 32. $COK (-0,04%)

- ODDO BHF upgrades GENERALI to Neutral. Target price EUR 26.10. $G (+0,05%)

- METZLER raises the price target for HEIDELBERG MATERIALS from EUR 131 to EUR 138. Buy. $HEI (-0,12%)

- BERENBERG raises the price target for FLATEXDEGIRO from EUR 16 to EUR 18. Buy. $FTK (-0,08%)

- BERENBERG raises the price target for FREENET from EUR 29 to EUR 32. Buy. $FNTN (-0,32%)

- JPMORGAN raises the target price for HEIDELBERG MATERIALS from EUR 108 to EUR 149. Overweight. $HEI (-0,12%)

⬇️⬇️⬇️

- UBS lowers the price target for MUNICH RE from EUR 560 to EUR 540. Buy. $MUV2 (-0,06%)

- ODDO BHF downgrades MODERNA to Outperform. Target price USD 86. $MRNA (+0,77%)

- UBS downgrades VALE from Buy to Neutral and lowers target price from USD 14 to USD 11.50. $VALE (+0,48%)

- DZ BANK lowers target price for DEUTZ from EUR 6.80 to EUR 5.80. Buy. $DEZ (+0,52%)

- DZ BANK lowers the price target for BECHTLE from EUR 51 to EUR 45. Buy. $BC8 (-0,13%)

- BERENBERG lowers the target price for ESTEE LAUDER from USD 87 to USD 76. Hold. $EL (+0,42%)

- RBC lowers the target price for ASOS from GBP 4.60 to GBP 4. Sector Perform. $ASC (+0,19%)

- RBC lowers the price target for EVOTEC from EUR 12 to EUR 11.60. Outperform. $EVT (-0,06%)

- RBC lowers the price target for VESTAS from DKK 222 to DKK 156. Outperform. $VWS (-0,55%)

- BERENBERG lowers the price target for SUSS MICROTEC from EUR 80 to EUR 75. Buy. $SMHN (-0,92%)

- JEFFERIES downgrades NEL from Hold to Underperform and lowers target price from NOK 5.50 to NOK 3. $NEL (+0,15%)

- RBC lowers the price target for BMW from EUR 81 to EUR 80. Sector Perform. $BMW (+0%)

- JEFFERIES lowers the price target for KNAUS TABBERT from EUR 26 to EUR 20. Hold. $KTA (+0,37%)

Hello everyone

I'm also making my first post 😄.

I hope you are all doing well.

My current buy candidates are:

$ASML (-0,36%)

$SSUN Samsung stock I never find 😅

$NESN (-0,29%)

$P911 (-0,26%)

I still follow some of them:

$OR (-0,39%) under 305€

$LIN (+0,15%) under 385€

$MCD (+0,01%) under 355$

$CVX (-0,11%) under 135$

$BAS (-0,02%) under 42.50€

What do you think?

What are your buy candidates?

Greetings from Switzerland.

As every Sunday, the most important dates for the coming week, as well as the most important news from the past week.

Also as a video:

https://youtube.com/shorts/kN6Y9oi8X6s?si=9LEl0Zmz4UONwyZQ

Monday:

$MBG (-0,05%) Mercedes is the leader in autonomous driving in Germany, in terms of approvals by the KBA. Now they want approval for autonomous driving up to 95 km/h. So far, Mercedes' Drive Pilot has only been approved in traffic jams. Mercedes is also planning to obtain approval for driving at speeds of up to 130 km/h by the end of the decade. With this approval, Mercedes would reach level 3 of autonomous driving.

https://www.handelsblatt.com/mobilitaet/ratgeber-service/mercedes-benz-autobauer-will-automatisiertes-fahren-bis-95-km-h-anbieten/100072205.html

Tuesday:

China 🇨🇳 lowers interest rates, although this is accompanied by a devaluation of the national currency.

Real estate plays a key role in the Chinese economy. The move ultimately shows just how bad things currently are for the Chinese economy. Many of the economic developments in Germany are also attributable to the Chinese economy.

https://www.handelsblatt.com/finanzen/banken-versicherungen/banken-chinas-zentralbank-will-wirtschaft-mit-zinssenkung-staerken/100072542.html

The ifo business climate index fell again to 85.4 points. Despite this, the DAX briefly broke through the 19,000 point mark. The main reason for this is the euphoria caused by the measures in China. The data on the current assessment may already be out of date on the day of publication.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-ifo-index-sinkt-erneut-wirtschaft-immer-staerker-unter-druck/100072604.html

Wednesday:

The US Department of Justice is investigating possible price fixing at $SAP (+0,2%) SAP and Carahsoft Technology. Deals with the military and other government agencies are being investigated. Carahsoft is a dominant procurer of technology for the government.

https://www.manager-magazin.de/unternehmen/tech/sap-us-justiz-ueberprueft-geschaefte-von-softwarekonzern-hinsichtlich-moeglicher-preisabsprachen-a-473cd992-d0ac-4ec1-b45a-dad60d5c74a0

Thursday:

$BAS (-0,02%) BASF deviates from its dividend policy and cuts the dividend to an expected 2.25 euros. So far, the dividend has been increased, or at least maintained in bad years. However, the economic downturn is now dragging on for some time and the pressure to reduce the dividend has increased. This is because BASF will also be cutting jobs at its main plant in Ludwigshafen.

https://www.swr.de/swraktuell/rheinland-pfalz/ludwigshafen/wie-geht-es-weiter-bei-der-basf-100.html

The Swiss National Bank is also lowering its key interest rate by 25 basis points. The key interest rate in Switzerland is therefore already between 1.0 - 1.25 %. Despite the significantly lower interest rates, the CHF is appreciating.

https://www.nzz.ch/finanzen/hypotheken-mieten-sparkonten-das-sind-die-folgen-des-zinsentscheids-der-snb-ld.1849796

Although Powell said nothing about interest rates or economic policy in his speech, the markets rose. The fact that he said nothing initially suggests that the Fed will stick to its current course of interest rate cuts.

https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-powell-speech-micron-stock-mu/

Friday:

$VOW (-0,19%) VW is cutting its forecast again. Turnover is expected to be 320 billion euros and thus below the previous year. The return on sales is expected to be 5.6%. However, VW's valuation on the stock market is already so favorable that this will not change our opinion of VW. The entire group is valued at 45 billion euros.

https://www.handelsblatt.com/unternehmen/industrie/verkaufskrise-volkswagen-kassiert-erneut-die-prognose/100073856.html

Most important dates in the coming week:

Monday: 14:00 Inflation data (DE)

Thursday: 16:00 Economic data (USA)

Friday: 14:30 Employment data (USA)

What other important dates can you think of?

Week in review 28.09.

New all-time highs for DAX, Dow Jones, S&P 500, Gold, GE Vernova, Meta, Netflix, SAP, Vistra Corp, Walmart 👑🥇 $LYY7 (-0,06%)
$CSPX (+0,17%)
$ABX (+0,39%)
$GEV (+0,28%)
$META (-0,08%)
$NFLX (+0,01%)
$SAP (+0,2%)
$VST (-0,16%)
$WMT (+0,01%)

New 52-week highs for 3M, Air Products, Alibaba, Arista Networks, Barrick Gold, Bank of Nova Scotia, BlackRock, Caterpillar, Constellation Energy, DuPont, HSBC, Infosys, Live Nation, McDonald's, Palantir, PayPal, Public Storage, Royal Bank of Canada, Royal Caribbean, Sea Ltd, Spotify, Tangier 💵📈 $PLTR (-1,59%)
$9988 (-1,42%)
$BABA (-1,41%)
$BLK
$CAT (+0%)
$BNS (+0,1%)
$STZ (+0,07%)
$DD (+0,1%)
$HSBA (+1,07%)
$HSBC (+0,42%)
$INFY
$LYV (+0,08%)
$MCD (+0,01%)$PUB
$PUB
$RCL (-0,02%)
$SEA (+0%)
$SKT (+0,06%)

Bitcoin with new 1-month high, +22% in three weeks since the low on 07.09. from 52k$ to 66k$, +150% in 12 months📉📈 $BTC (-1,85%)

PayPal's own stablecoin PYUSD (crypto) is growing strongly and is now one of the top 100 cryptos by market capitalization at 95th place 💰 $PYPL (+0,01%)

Palantir with inclusion in the S&P 500 on Monday #PLTRgang 🤜🤛👊✊ $PLTR (-1,59%)

Uber is working with Google's Waymo (Alphabet) and wants to offer robotaxis for a surcharge 🚗🤖 $UBER (+0,05%)
$GOOGL (+0,14%)
$GOOG (-0,05%)

After the ECB and FED, China has also turned on the money printer *brrr brrr*, plus a big economic stimulus program, China stocks therefore have their best week in 10 years, car and luxury stocks with Chinese business are therefore rising 🖨🇨🇳 $MC (-0,12%)
$P911 (-0,26%)
$BMW (+0%)
$MBG (-0,05%)

AMD CEO and Nvidia CEO confirm continued high demand for AI chips 🧠🤖, Nvidia CEO does not want to sell any more of his own shares for the time being. $AMD (+0,22%)
$NVDA (+0,69%)

Upcoming Playstation 6 with AMD chip again, but AMD will leave the high-end graphics card market for PC gamers and try to scale more strongly in the mid and lower segments. Nvidia would then have a monopoly 🎮 $SONY (-0,49%)
$6758 (-0,86%)

Super Micro suspected of accounting fraud. US justice is apparently already investigating according to an insider, -62% share price in three months 🔍👮 $SMCI

AI needs a lot of electricity and nuclear power plants are being reactivated in the USA. In Germany, it's the other way around due to the world's stupidest energy policy. US electricity provider shares, uranium mines - shares and ETFs are rising. ⚛️⚡️ (see podcast episode 57 "Buy High. Sell Low." pinned to my profile at the top) $URNM
$URA (-0,4%)
$UEC (+1,69%)

Micron with good quarterly figures and +13% share price, semiconductor stocks rally 💻📈 $MU (+0,19%)

Costco - quarterly figures mixed, EPS exceeds estimates but sales worse than expected, share price falls slightly 🛒 $COST (+0,15%)

McDonald's increases quarterly dividend by 6% to 1.77$. Since the first dividend payment in 1976, the payout has been increased 48 years in a row. 🍟🍔 $MCD (+0,01%)

Investigation initiated against Visa 💳 and SAP 💻 in the USA for illegal price fixing $V (+0,07%)
$SAP (+0,2%)

Oil price falls again, Shell & Co. on the way to 1-year low 🛢⛽️ $SHEL (-0,31%)
$GB00B03MM408
$RDS.A

Meta releases VR glasses Quest 3s for €330 from 15.10.24 📱👓

Intel launches AI accelerator "Gaudi 3" as an alternative to Nvidia's H100. IBM, Google & Dell as first customers. 🧠 $INTC (+0,17%)

US debt level climbs above 35 trillion dollars for the first time 🖨💵

Ubisoft share price collapses due to postponement of "Assassin's Creed: Shadows", -70% 1-year performance 🎮📉 $UBI (+0,06%)

DHL raises outlook / growth forecast until 2030 and increases letter postage by 10.5% in Germany from 2025 📦✉️📯 $DHL (+0%)

BASF struggles with high energy prices and weak demand, threat of plant closure and dividend cut 🇩🇪📉 $BAS (-0,02%)

Adidas (+28%) significantly better than Nike (-18%) since the beginning of the year ⚽️🏀👟 $ADS (+0,04%)
$NKE (+0,05%)

Takeover poker at Commerzbank by Ital. Unicredit continues 🏦🇮🇹🇩🇪 $CBK (+0,06%)
$UCG (-0,13%)

Jefferies issued a buy recommendation for BioNTech and sees the antibody BNT327 against cancer as a potential massive sales driver. 👨‍⚕️⚕️💊 $DE000A0V9BC4

Mutares -14% because shortseller Gotham City raises serious allegations against the SDAX member: Ponzi scheme, false accounting and circular business model 🔍👮 $MUX (-0,1%)

>> If you want to read a review like this every week, leave a like & subscribe. What important news have I forgotten? 👍❤️

BASF announced that it intends to float its Agriculture Solutions division on the stock market.

$BAS (-0,02%)
$BASF
$BASFY (+0%)

https://www.handelsblatt.com/unternehmen/industrie/chemiekonzern-basf-will-agrargeschaeft-an-die-boerse-bringen/100073091.html

#news
#stocks
#basf