Clariant shares fall as Deutsche Bank flags rising litigation risks
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Shares of Swiss specialty chemicals maker Clariant fell nearly 2% after Deutsche Bank cut its rating on the stock to "hold" from "buy", saying the balance of risk and reward had become more even. Still guessing which stocks will beat the market? Our AI portfolio…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe downgrade and higher litigation cost estimate weigh on this Swiss chemicals stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Deutsche Bank cut its Clariant rating to hold from buy.
- 02The price target falls to CHF 10.90 from CHF 12.60.
- 03The litigation cost estimate rises to CHF 175 million from CHF 50 million.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets