Basf Se Receives “Neutral” Rating from Zacks (BF)
Basf Se (NYSE:BF)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Friday. They currently have a $99.00 price objective on the stock.
Zacks’ analyst wrote, “We remain impressed with Brown-Forman’s strong top and bottom-line growth for the fourth quarter and fiscal 2014 as well as management’s optimistic outlook for fiscal 2015. We believe that Brown-Forman’s consistent focus on developing its premium Jack Daniel’s brand through innovation and packaging changes has paid off, making it a thriving company. Moreover, we expect its pricing strategy, product innovation and penetration in emerging markets to boost operational performance. However, stiff competition and risks arising from operating in the overseas markets may adversely impact its performance. Furthermore, we are cautious as any increase in excise tax could dent the company’s financial performance as distilled spirits are subject to excise tax in various countries. Hence, our long-term Neutral recommendation on the stock remains in place.”
BASF SE is a Germany-based chemical company. It diversifies its activities into six business segments: Chemicals, providing basic products and specialties including nitric acid and methanol, basic chemicals including ethylene and butadiene and intermediates, among others; Plastics, providing engineering plastics, polyamides and polyurethane solutions, among others; Performance Products, providing products for the coatings and paints industry, cosmetics, detergents and cleaners industry, vitamins and enzymes, products for the paper industry and performance chemicals, among others; Functional Solutions, which develops coating products, catalysts and concrete admixtures, among others; Agricultural Solutions, providing active ingredients and formulations for the improvement of crop health and yields, and Oil & Gas business segment, which is bundled in the Wintershall Group, is engaged in the exploration and production of crude oil and natural gas and trading.
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