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Investing.com - Kepler Cheuvreux downgraded Wacker Chemie AG (ETR:WCH) stock rating from Buy to Hold and lowered its price target to EUR73.00 from EUR86.00 on Monday.
The research firm cited ongoing challenges related to tariff conflicts affecting the German specialty chemicals company and its customers in the construction, electronics, and solar industries.
Kepler Cheuvreux noted that while Wacker Chemie itself may not be directly subject to tariffs, its key customers are impacted, and there are discussions about potential tariff taxes on precursor materials such as silicon metal.
The firm indicated these tariff-related challenges are expected to persist longer than previously anticipated, prompting a reduction in earnings estimates for the company, which specializes in silicones, specialty polymers, biosolutions, and polysilicons.
With the new price target representing approximately 9% upside potential, Kepler Cheuvreux determined this did not justify maintaining a Buy rating, which requires at least 10% upside according to the firm’s rating methodology.
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