Reported 1 day ago
The article discusses a bullish investment thesis for Braskem S.A. (BAK), which is currently trading around $3.20 per share. Analysts highlight a potential upside for Braskem, estimating mid-cycle EBITDA between $1.9 to $2.0 billion, and suggest the stock could reach values between $6.7 to $8.2 per ADR with improved polyolefin spreads and strategic environmental resolutions. Key drivers for growth include sustained improvements in spreads, clarity on environmental settlements, and potential mergers or acquisitions. The valuation reflects a compelling opportunity for investors seeking a turnaround in a challenging market.
Source: YAHOO