BASF Could Raise Guidance

Dow Jones07-10

0940 GMT - BASF might raise its full-year earnings outlook on Friday, since it prereleased results to adjust its guidance this time last year, Citi analysts say in a research note. However, any increase is likely to remain below current market expectations, the analysts add. The German chemical giant is expected to post broadly solid second-quarter results, with some upside potential in the materials business, Citi says. The analysts expect investors to largely look beyond any earnings beat. Following the recent decline in the share price and bearish investor sentiment, analysts see the risk-reward balance as favorable, arguing that any negative market reaction should be limited. Shares are up 0.4% at 47.64 euros. (nina.kienle@wsj.com)

 

(END) Dow Jones Newswires

July 10, 2026 05:40 ET (09:40 GMT)

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