Morgan Stanley Analysts Give Covestro AG (1COV) a €82.00 Price Target

Morgan Stanley set a €82.00 ($96.47) price target on Covestro AG (ETR:1COV) in a research report released on Thursday. The brokerage currently has a neutral rating on the stock.

Several other brokerages also recently commented on 1COV. UBS AG set a €90.00 ($105.88) target price on Covestro AG and gave the stock a buy rating in a report on Monday, October 30th. J P Morgan Chase & Co set a €100.00 ($117.65) target price on Covestro AG and gave the stock a buy rating in a report on Monday, October 30th. Nord/LB set a €80.00 ($94.12) target price on Covestro AG and gave the stock a neutral rating in a report on Wednesday, October 25th. Citigroup Inc. set a €80.00 ($94.12) target price on Covestro AG and gave the stock a neutral rating in a report on Wednesday, October 25th. Finally, Independent Research GmbH set a €81.00 ($95.29) target price on Covestro AG and gave the stock a neutral rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Covestro AG presently has a consensus rating of Hold and an average target price of €80.53 ($94.75).

Shares of Covestro AG (ETR 1COV) opened at €83.81 ($98.60) on Thursday.

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Covestro AG Company Profile

Covestro Aktiengesellschaft manufactures and sells polymer materials for various industries worldwide. It operates through three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment develops, produces, and markets precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.

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