0839 GMT - Despite a potentially slow start to the year, BASF shows plenty of evidence of business improvement, Bernstein analyst James Hooper says in a note. The environment remains tough for the German chemical giant, with most divisions struggling, Hooper says. "The guidance confirms that low cycle conditions will persist for at least the first part of the year, consistent with much of the rest of the sector," Hooper says. Nevertheless, management is seeking to improve the business, upgrading cost savings targets and reducing rolling medium-term capital expenditure targets, Hooper says. Bernstein continues to believe BASF would perform well in any cyclical recovery, Hooper adds. Shares trade 1.6% lower at 48.87 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
February 27, 2026 03:39 ET (08:39 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments