Lisa Cook sues Trump over firing attempt, emergency hearing set
Investing.com - Jefferies downgraded Wacker Chemie (ETR:WCHG) AG (ETR:WCH) stock rating from Buy to Hold on Thursday, while reducing its price target to EUR63.00 from EUR81.00.
The downgrade reflects Jefferies’ concerns about multiple headwinds facing the German chemical company across its business segments, including ongoing challenges in the solar industry affecting its Polysilicon division.
Jefferies has lowered its EBITDA forecast for Wacker Chemie by approximately 12% on average across the next three years, citing weak construction end markets that are negatively impacting the company’s Silicones and Polymers businesses.
The research firm also pointed to limited progression in Wacker’s Biosolutions segment as another factor contributing to the downgrade decision.
These challenges could represent a "multiple year overhang" to Wacker Chemie’s earnings, dividends, and overall investment case, according to Jefferies’ assessment of the company’s prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.