Deutsche Bank Sticks to Their Hold Rating for Covestro (0RBE)
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Jones is a 3-star analyst with an average return of 3.4% and a 54.40% success rate.
Covestro has an analyst consensus of Hold, with a price target consensus of €61.80, implying a 2.22% upside from current levels. In a report released on June 26, UBS also maintained a Hold rating on the stock with a €62.00 price target.
The company has a one-year high of €60.84 and a one-year low of €49.24. Currently, Covestro has an average volume of 5,551.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
EU Probe Puts ADNOC's $14B Covestro Takeover at Risk
The takeover of German chemicals giant Covestro by Abu Dhabi's national oil company ADNOC is facing significant hurdles, as the EU is at present assessing the possible competition distortion in European markets. While the German chemical company reported today that it has missed its Q2 2025 sales expectation, primarily due to US trade policies, the management remains confident that the ADNOC takeover deadline is being met. Covestro indicated that it is satisfied that the EU probe is not going to materialize in a blockade of the deal. Covestro is currently hit by a significant oversupply of its main products in global markets, including foam chemicals used in building, automotive, and mattresses. US tariffs have caused a substantial drop in prices, especially in Asian markets. In its financial report, Covestro stated that overall revenues decreased by 8.4% to 3.38 billion euros in Q2 (April-June), which is way below analyst expectations of around 3.55 billion. Earlier in July, Covestro already put out a warning that its full-year earnings will be lower. At present, Covestro expects earnings before EBITDA between 700 and 1.1 billion euros, which is a dramatically lower figure than the last update, 1-1.4 billion euros. The market, already under pressure, is now eagerly awaiting the progress and outcome of the EU probe in the coming months. Since the proposed takeover by ADNOC last year, which entails a total of $14 billion, political pressure is mounting inside the EU to assess the role of the Abu Dhabi National Oil Company and the Emirati government in the EU market. As ADNOC is a state-owned oil and gas company with opaque financial reporting, there are fears that the Covestro takeover could distort internal EU market competition. ADNOC has been refuting any claims about possible distortion tactics or threats to other competitors, but the market remains on current EU approach demonstrates a proactive stance by Brussels and its member states on non-EU investments in critical sectors of the European Union. This proactive stance underscores the EU's commitment to protecting its market from potential distortions. The move, based on rules implemented in 2023, and the concerns it addresses, can push potential Gulf-based investors and operators to consider other investment regions. ADNOC could now be considering its European options, especially in light of US President Trump's move to attract more foreign capital to the US via his America First Investment Policy. Officially, the European Commission has opened the investigation based on the Foreign Subsidies Regulation (FSR), as the Commission stated it has concerns about potential foreign subsidies by the UAE. The latter accusation is based on concerns that not only will ADNOC increase its committed capital into Covestro, but it has also offered an unlimited guarantee from the UAE. Brussels, especially, is looking at the option that, based on the two above-mentioned points, ADNOC has acquired Covestro not on market confirm pricing. Indirectly, the question is whether ADNOC has used UAE backing and financial structures to outperform other competitors for Covestro. Emirati backing is expected to have allowed ADNOC to propose a much higher price than regular competitors would have offered during the takeover period. The Commission, based on the fact that the transaction was notified to the Commission on May 15, 2025, has now until December 2, 2025, to make its own decision. Based on the FSR, companies should notify the Commission about a merger or acquisition entailing a company having an EU turnover of 500 million euros or more. If the outcome of the EU probe is negative, the potential fallout could be massive, casting a shadow over other GCC investments in the EU. An adverse outcome could also have repercussions on ongoing deals between EU countries and ADNOC, especially in the areas of green hydrogen or ammonia, further complicating the situation. By Cyril Widdershoven for More Top Reads From this article on
USA Today
4 hours ago
- USA Today
Bitcoin and crypto are on an upswing. How long can it continue?
July was good to Bitcoin, and some analysts think this may just be the warmup. Although Bitcoin was last down 0.35% at $115,396.40, below its record peak of around $123,000, some analysts aren't worried. Tom Lee, managing partner and head of research at Fundstrat Global Advisors who predicted Bitcoin's peak in 2024, has said he thinks Bitcoin willl reach $250,000 before the end of the year. Bitcoin climbed to a record high on July 14 as weekly cryptocurrency investment products saw record weekly inflows, pushing the total crypto market to top $4 trillion for the first time ever. With new legislation signed into law last month and skyrocketing institutional buying, there's little doubt digital assets are becoming more mainstream, they say. Earlier in the year, crypto exchange Coinbase also became the first crypto exchange to join the S&P 500, marking a major milestone for the digital asset industry. "Bitcoin pulling back after reaching a new all-time high is not unusual," said Samer Hasn, Senior Market Analyst at global broker Often, rallies are followed by dips, so people can take some profits around key technical levels. The drops also allow people who are sidelined and don't want to buy at the highs a lower entry point. Regulations give institutions green light The GENIUS Act, signed into law on July 18, creates a regulatory framework for stablecoins, a popular type of cryptocurrency tied to the value of stable assets like the U.S. dollar. The Act "marks a turning point in federal crypto oversight," said Frank Walbaum Market Analyst at socal investing platform Naga. "Regulatory clarity could support institutional adoption and long-term market maturation." Crypto has already seen a flood of new interest, with money flooding into crypto exchange traded funds, or ETFs that trade like stocks on an exchange but have holdings that track an index or other underlying asset. iShares Bitcoin Trust ETF, which seeks to reflect generally the performance of the price of bitcoin, became the fastest growing ETF ever in terms of assets. "The crypto ETF pie is growing fast because of broader adoptions after executive orders by President Donald Trump that are in the process of breaking down regulatory barriers that previously stood in the way of broader crypto adoption," said Bryan Armour, Morningstar's director of ETF and passive strategies. Who's buying crypto? Buyers are mostly young American males, according to a Deutsche Bank survey of U.S., UK and EU residents in June. In the United States, 23% of men versus 13% of women use cryptocurrency as a form of payment or personally invest in crypto, the survey showed. That's up from 20% and 12%, respectively, in January. Individual investors also tend to be young in the U.S. Among 18–34-year-olds, the share of investors increased to 29% in June from 24% in January, due to "excitement over Trump's pro-crypto administration," said Marion Laboure, senior economist at Deutsche Bank. Adoption rates have been on an upwards trend since Trump's election in November. U.S. investors also tend to have more money. U.S. crypto adopters tend to have income above $100,000 annually (34%). It was a 32% adoption rate for those earning between $50,000 and $100,000. More companies also are building Bitcoin treasuries. For example, MicroStrategy, which began buying Bitcoin in 2020, has since sold equity, issued various types of debt and layered stacks of preferred shares on top to raise money to buy more. In its latest earnings regulatory filing, it said it would do so again, selling $4.2 billion more in preferred stock to buy more of the digital coin. Its Bitcoin holdings helped the company's results top second-quarter estimates with a surprising profit. Metaplanet also said in a regulatory filing it plans to potentially issue up to $3.7 billion worth of perpetual preferred shares and use proceeds to buy more Bitcoin. It has said it wants to accumulate 210,000 Bitcoin by the end of 2027. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
Miami Herald
5 hours ago
- Miami Herald
Report: Tension between Micah Parsons, Cowboys intensifying over contract
Star pass rusher Micah Parsons is considering requesting a trade from the Dallas Cowboys or even "severing his relationship with the team" over his prolonged contract standoff, The Athletic reported Friday. Parsons, 26, is at training camp with the team but not taking part in on-field activities. He is entering his fifth season in the NFL, and the Cowboys picked up his $24 million option but have yet to sign him to an extension that undoubtedly would put him among the league's high-paid defensive players. The Cowboys and the two-time All-Pro are not currently negotiating, with their contract numbers "far apart," per The Athletic. Parsons, selected with the No. 12 overall pick in the 2021 NFL Draft, was the defensive rookie of the year that season. Per The Athletic, Parsons and team owner Jerry Jones talked directly in the spring, and the Cowboys believe their conversations were negotiations with a deal for an extension in place. The Parsons' camp instead portrayed the meetings as just talks and not negotiations, and that the Cowboys have declined to negotiate with his agent because team officials believed an agreement already was in place. Defensive end Myles Garrett signed a four-year, $160 million extension with the Cleveland Browns, and Maxx Crosby inked a three-year, $106.5 million extension with the Las Vegas Raiders this year. A Parsons extension likely would be in the same ballpark -- or more. Speaking in April at the NFL's annual league meeting, Jones acknowledged his conversation with Parsons, saying the two spoke for "five or six hours" to work out a long-term extension. "Most of the issues we are in agreement on. We discussed it all," Jones said April 1. "But we obviously don't have an agreement relative to the new contract." The Dallas Morning News reported in March that Parsons was seeking a record-setting $200 million contract extension that would make him the highest-paid non-quarterback in the NFL. Parsons recorded 12 sacks, 43 tackles and two forced fumbles in 13 games (all starts) last season. A Pro Bowl selection in each of his first four seasons in the league, Parsons has totaled 256 tackles (63 for loss), 112 quarterback hits, 52.5 sacks, nine forced fumbles and four fumble recoveries in 63 career games (all starts). --Field Level Media Field Level Media 2025 - All Rights Reserved
