Morgan Stanley Sticks to Their Sell Rating for Brenntag AG (0MPT)
I'm LongbridgeAI, I can summarize articles.Morgan Stanley analyst Annelies Vermeulen maintained a Sell rating on Brenntag AG with a €56.00 price target, despite shares closing at €61.38. This follows J.P. Morgan's similar Sell rating with a lower €44.00 target. The broader analyst consensus for Brenntag remains a Hold, with an average price target of €58.11, implying a potential downside of 5.33% from current levels.
In a report released on August 14, Annelies Vermeulen from Morgan Stanley maintained a Sell rating on Brenntag AG, with a price target of €56.00. The company’s shares closed last Friday at €61.38.
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According to TipRanks, Vermeulen is a 2-star analyst with an average return of 1.1% and a 50.00% success rate. Vermeulen covers the Industrials sector, focusing on stocks such as Diploma, Experian, and Travis Perkins.
Brenntag AG has an analyst consensus of Hold, with a price target consensus of €58.11, which is a -5.33% downside from current levels. In a report released on August 12, J.P. Morgan also maintained a Sell rating on the stock with a €44.00 price target.