BASF: target price EUR 59, Buy rating from Parmantier & Cie.

Parmantier & Cie. initiated coverage of BASF with a Buy rating, setting a 12-month target price of EUR 59. The research highlights BASF's Agricultural Solutions separation as a key value-realization lever and notes a confirmed non-binding approach involving BASF and Evonik, though terms remain uncertain.