In recent financial news, BASF (BASFY) saw a significant jump of 9.6% in its shares that has raised questions about further possible growth. Despite a consensus recommendation of 'Hold' from brokerages, BASF has launched new environmentally friendly products. JP Morgan and Warburg Research GmbH have however downgraded the BASFY stock rating, causing a 3% fall in shares. BASF has faced legal issues with Berkshire's Duracell over alleged theft of battery secrets. Furthermore, BASF announced a reduction in its dividend to €2.25 while it continues to invest in sustainable and innovative solutions. Despite facing criticism for reducing dividends, lower earnings due to impairments, and questionable financials, the company's solid earnings have been accounted conservatively. BASF now aims to focus on cost-saving measures until 2025 and has announced significant changes including the potential listing of its agricultural chemicals division and the sale of its Brazilian decorative paints business to Sherwin-Williams. The corporation has also initiated production of the world's first biomass-balanced polyethersulfone and has invested in a new alcoholates plant at Ludwigshafen.
BASF Stocks News Analytics from Sat, 22 Jun 2024 07:00:00 GMT to Sat, 12 Apr 2025 01:26:22 GMT - Rating 3 - Innovation 6 - Information 5 - Rumor 1