Intel stock extends gains after report of possible U.S. government stake
Investing.com - Kepler Cheuvreux downgraded Borregaard ASA (OL:BRG) stock rating from Buy to Hold while maintaining a price target of NOK205.00 following the company’s second-quarter results.
The Norwegian biorefinery company delivered Q2 results that were broadly in line with market expectations, according to Kepler Cheuvreux’s assessment.
The BioSolutions segment maintained stable pricing during the quarter, while the BioMaterials division benefited from price increases and a favorable product mix.
The Fine Chemicals segment continues to face challenges due to low bioethanol prices, which has impacted its performance.
Kepler Cheuvreux attributed the downgrade to Borregaard’s strong share price performance over the quarter, stating that the current trading price now reflects the company’s inherent value, with further upside requiring stronger price momentum than currently reflected in their estimates.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.