1019 GMT - BASF's upgrade to its guidance confirms stronger near-term earnings momentum, MWB Research analyst Abed Jarad says in a research note. The German chemical giant's preliminary figures showed a strong pricing-led beat to earnings, supported, among other factors, by sustained volumes rather than a broad-based recovery in underlying demand, Jarad says. "BASF's resilient supply setup should allow it to keep benefiting if disruptions persist, although weaker demand and working-capital pressure remain key risks," he adds. MWB raises its recommendation to buy from hold, and raises its price target on the stock to 55 euros from 52 euros. Shares trade 0.5% up at 48.195 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
July 16, 2026 06:20 ET (10:20 GMT)
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