BUZZ-JPM ups Lanxess as pricing power improves amid APAC supply disruptions

Reuters03-25
BUZZ-<a href="https://laohu8.com/S/JPM">JPM</a> ups Lanxess as pricing power improves amid APAC supply disruptions

** Lanxess rises around 13% after J.P.Morgan upgraded the German chemicals maker to "overweight" from "underweight" and placed the stock on positive catalyst watch ahead of Q1 results on May 7

** The broker sees the German chemicals maker best positioned to take advantage of production disruptions in the Asia Pacific region due to the war in Iran

** It highlights that Lanxess is potentially the only company in its select key product chains among Western companies, thus easing competitive pressure and drive pricing power

** It deems Lanxess' 150 million euros ($174 million) incremental cost savings to largely offset fixed-cost inflation in 2026

** Out of 22 analysts that cover Lanxess, six rate the stock "strong buy" or "buy,"​ 11 "hold" and five​ rate the stock "strong sell" or "sell"

($1 = 0.8622 euros)

(Reporting by Tristan Veyet)

((Tristan.veyet@thomsonreuters.com))

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