Figma Shares Indicated To Open $105/$110
Jefferies downgraded Brenntag AG (ETR:BNRGn) (BNR:GR) (OTC:BNTGY) stock rating to Underperform from Hold on Monday, while reducing its price target to EUR53.00 from EUR63.00.
The research firm cut its average EBITA estimate for the chemical distributor by 4%, positioning its forecast 7% below both company guidance and consensus expectations.
Jefferies cited ongoing leadership transitions at Brenntag as a key concern, noting that with changes at both CEO and CFO levels, the company’s strategic direction would likely remain unclear until late 2025.
The downgrade also highlighted potential cost and free cash flow challenges during this management transition period.
Broader industry headwinds factored into the decision as well, with Jefferies pointing to a "compressing global chemical production cost curve and lower demand/volume levels" that create risks to Brenntag’s earnings trajectory in both the short and medium term.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.