J.P. Morgan Maintains a Hold Rating on Wacker Chemie AG (WKCMF)

In a report released today, Chetan Udeshi from J.P. Morgan maintained a Hold rating on Wacker Chemie AG (WKCMFResearch Report), with a price target of EUR77.00. The company’s shares closed last Monday at $90.26.

Udeshi has an average return of 6.3% when recommending Wacker Chemie AG.

According to TipRanks.com, Udeshi is ranked #2084 out of 6949 analysts.

Wacker Chemie AG has an analyst consensus of Moderate Buy, with a price target consensus of $98.24, a 0.9% upside from current levels. In a report issued on September 21, Berenberg Bank also maintained a Hold rating on the stock with a EUR74.00 price target.

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Wacker Chemie AG engages in the manufacture and distribution of chemical products. It operates through the following segments: Silicones, Polymers, Biosolutions, Polysilicons, and Other. The Silicones segment includes silicones and silicone rubber for consumer goods, chemicals, energy and electronics applications, and construction products. The Polymers segment produces dispersions and dispersible polymer powders. The Biosolutions segment fabricates fine chemicals, such as proteins, cyclodextirins, cysteine, and acetate solid resins. The Polysilicon segment consists of hyperpure polysilicon, chlorosilanes, and pyrogenic silicas for the semiconductor and electronics industries. The Others segments comprises of other activities. The company was founded on October 13, 1914 and is headquartered in Munich, Germany.