Braskem (NYSE:BAK) Earning Somewhat Favorable Media Coverage, Accern Reports

News articles about Braskem (NYSE:BAK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Braskem earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 46.1259730153824 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

BAK has been the subject of several research reports. ValuEngine raised shares of Braskem from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Braskem from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Tuesday, June 6th. BidaskClub raised shares of Braskem from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Morgan Stanley raised shares of Braskem from an “equal weight” rating to an “overweight” rating in a report on Monday, July 17th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.33.

Braskem (BAK) opened at 23.81 on Friday. The company has a 50 day moving average of $22.93 and a 200-day moving average of $21.26. Braskem has a one year low of $13.06 and a one year high of $25.68.

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About Braskem

Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.

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