Covestro AG (1COV) Given a €82.00 Price Target by Morgan Stanley Analysts
Covestro AG (ETR:1COV) has been assigned a €82.00 ($96.47) target price by stock analysts at Morgan Stanley in a report released on Thursday. The brokerage currently has a “neutral” rating on the stock.
1COV has been the subject of several other research reports. UBS AG set a €85.00 ($100.00) price target on shares of Covestro AG and gave the stock a “buy” rating in a research note on Tuesday, July 25th. DZ Bank AG restated a “buy” rating on shares of Covestro AG in a research note on Tuesday, October 24th. Kepler Capital Markets set a €96.00 ($112.94) price target on shares of Covestro AG and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Commerzbank Ag set a €78.00 ($91.76) price target on shares of Covestro AG and gave the stock a “neutral” rating in a research note on Tuesday, July 25th. Finally, J P Morgan Chase & Co set a €60.00 ($70.59) price target on shares of Covestro AG and gave the stock a “sell” rating in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Covestro AG has a consensus rating of “Hold” and an average price target of €80.53 ($94.75).
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Covestro AG Company Profile
Covestro Aktiengesellschaft manufactures and sells polymer materials for various industries worldwide. It operates through three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment develops, produces, and markets precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.
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