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Lanxess

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News

Lanxess elects Rainier Van Roessel as new chairman of supervisory board

BRIEF-Lanxess elects Rainier Van Roessel as new chairman of supervisory board May 24 (Reuters) - LANXESS AG LXSG.DE : RAINIER VAN ROESSEL ELECTED NEW CHAIRMAN OF SUPERVISORY BOARD OF LANXESS DR. HANS-JOACHIM MÜLLER (65) WILL JOIN LANXESS SUPERVISORY BOARD AS A NEW MEMBER Further company coverage: LXSG.DE (Gdansk Newsroom)
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Ascential, Cellnex, Wise

EUROPE RESEARCH ROUNDUP- Ascential, Cellnex, Wise May 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Ascential, Cellnex and Wise on Tuesday. HIGHLIGHTS * Ascential ASCL.L : Berenberg re-initiates coverage with buy rating; target price 395p * Burberry BRBY.L : Barclays cuts target price to 1090p from 1340p * Cellnex CLNX.MC : Berenberg raises to buy from hold * Trainline TRNT.L : Deutsche Bank initiates coverage with buy rating a
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Top of the Street: Roche, Inditex, Lanxess, Fortum

BUZZ-Top of the Street: Roche, Inditex, Lanxess, Fortum A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Jefferies cuts German chemicals maker Lanxess LXSG.DE to "underperform" from "hold", citing a too-high financial risk related to its debt ** Morgan Stanley downgrades UK-based online car marketplace Auto Trader Group AUTOA.L to "underweight" from "equal-weight", saying the "Deal Builder" service is not driving meaningful growth for another 1-2 years **
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Brokers cut Lanxess to 'underperform' on debt-related risks and low outlook visibility

BUZZ-Brokers cut Lanxess to 'underperform' on debt-related risks and low outlook visibility Adds Exane BNP Paribas' rating change, comments, share move ** German chemicals maker Lanxess LXSG.DE falls around 4% after Jefferies and Exane BNP Paribas downgrade the stock to "underperform" from "hold" on debt-related risks and low visibility on FY guida
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Jefferies cuts Lanxess to 'underperform' on debt related risks

BUZZ-Jefferies cuts Lanxess to 'underperform' on debt related risks ** Jefferies cuts German chemicals maker Lanxess LXSG.DE to "underperform" from "hold", citing a too high financial risk related to its debt ** Lanxess is planning to sell its Urethane Systems business this year to reduce debt, which Jefferies says should provide some support ** Ho
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