Go Long in Evonik, Short in BASF Ahead of 2Q: Kepler Cheuvreux
2015-07-01 07:31:01.659 GMT
By Chiara Remondini
(Bloomberg) -- Kepler Cheuvreux expects mixed reporting
season for European chemicals, “with some positive and negative
surprises,” according to note today.
* Brokerage sees risk of disappointment for some agro cos.,
classical chemical players with oil exposure; bullish on
food/feed cos. with exposure to amino acids
* Says Evonik set to post strong 2Q results; earnings
visibility high, expects co. to raise target
* Sees headwinds for BASF in 2Q, risk for full-yr target as
“increasingly difficult” for co. to achieve 2015 goal for
Ebit before special items
* Industrial gas cos. to probably report solid performance,
earnings growth may be slightly better at Linde vs Air
Liquide in 1H due to different regional mix
* NOTE (June 29): BASF 2Q Results Could Disappoint: PT Cut at
Bankhaus Lampe
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Chiara Remondini in Milan at +39-02-8064-4241 or
cremondini@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
2015-07-01 07:31:01.659 GMT
By Chiara Remondini
(Bloomberg) -- Kepler Cheuvreux expects mixed reporting
season for European chemicals, “with some positive and negative
surprises,” according to note today.
* Brokerage sees risk of disappointment for some agro cos.,
classical chemical players with oil exposure; bullish on
food/feed cos. with exposure to amino acids
* Says Evonik set to post strong 2Q results; earnings
visibility high, expects co. to raise target
* Sees headwinds for BASF in 2Q, risk for full-yr target as
“increasingly difficult” for co. to achieve 2015 goal for
Ebit before special items
* Industrial gas cos. to probably report solid performance,
earnings growth may be slightly better at Linde vs Air
Liquide in 1H due to different regional mix
* NOTE (June 29): BASF 2Q Results Could Disappoint: PT Cut at
Bankhaus Lampe
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Chiara Remondini in Milan at +39-02-8064-4241 or
cremondini@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net