0606 GMT - BASF's first-quarter result next month should reflect ongoing demand weakness led by the U.S. and agricultural end markets, Jefferies analysts say in a research note. The analysts reduce their forecast for the German chemical company's Ebitda by about 5%. Demand from both the U.S. and agricultural end markets are likely being affected by uncertainty regarding tariffs, Jefferies says. Automotive end markets demand is expected broadly flat. The analysts say they expect the agricultural end market is experiencing a slower start to the year after seeing a pull forward in demand into the fourth quarter of last year. Jefferies says it believes BASF can still outperform thanks to multiple strategic catalysts remaining, which include portfolio changes and divestments. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
April 02, 2025 02:06 ET (06:06 GMT)
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