BASF's Momentum in Its Core Businesses Should Support Share Price -- Market Talk

Dow Jones10-30

0701 GMT - BASF's 3Q earnings signal continued demand momentum building in its core businesses, which should support its share price, Jefferies analysts say in a note. The German chemicals giant posted higher 3Q earnings that came below company-compiled and Jefferies's consensus, they say. Its earnings were driven by its core units, whereas its agricultural and surface-tech businesses lagged and fell short of company-compiled and Jefferies's consensus, the analysts say. (helena.smolak@wsj.com)

(END) Dow Jones Newswires

October 30, 2024 03:02 ET (07:02 GMT)

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