Wacker Chemie AG (WKCMF) Gets a Buy Rating from UBS

UBS analyst Andrew Stott maintained a Buy rating on Wacker Chemie AG (WKCMFResearch Report) yesterday and set a price target of EUR100.00. The company’s shares closed last Tuesday at $105.70.

Stott has an average return of 30.1% when recommending Wacker Chemie AG.

According to TipRanks.com, Stott is ranked #860 out of 6976 analysts.

Currently, the analyst consensus on Wacker Chemie AG is a Moderate Buy with an average price target of $99.23, a -6.1% downside from current levels. In a report issued on September 23, Warburg Research also upgraded the stock to Buy with a EUR89.00 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.