Braskem SA (NYSE:BAK) gets downgraded to Hold by HSBC

Analyst Ratings For Braskem SA (NYSE:BAK)

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Today, Braskem SA (NYSE:BAK) stock was downgraded by HSBC from Buy to Hold.

There are 1 Hold Ratings, 1 Buy Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Braskem SA (NYSE:BAK) is Buy with a consensus target price of N/A per share, a potential N/A.

Some recent analyst ratings include

  • 9/28/2018-Braskem SA (NYSE:BAK) gets downgraded to Hold by HSBC
  • 1/16/2018-Braskem SA (NYSE:BAK) gets upgraded to Outperform by UBS Group
  • 7/17/2017-Braskem SA (NYSE:BAK) gets upgraded to Overweight by Morgan Stanley
  • 12/5/2016-Braskem SA (NYSE:BAK) gets upgraded to Overweight by JPMorgan Chase & Co. with a price target of $22.00

    About Braskem SA (NYSE:BAK)
    Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. Its Basic Petrochemicals segment offers olefins, such as ethylene, polymer and chemical grade propylene, butadiene, and butene-1; BTX products comprising benzene, para-xylene, and toluene; fuels, including automotive gasoline, liquefied petroleum gas, ethyl tertiary butyl ether, and methyl tertiary butyl ether; intermediates, such as cumene; and aliphatics, aromatics, and hydrogenates solvents, as well as specialties, such as isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins. This segment also supplies electric energy, steam, compressed air, and other products to second-generation producers. Its Polyolefins segment produces polyethylene, including LDPE, LLDPE, HDPE, ultra-high molecular weight polyethylene, and EVA; green polyethylene from renewable resources; and polypropylene. This segment's products are used in plastic films for food and industrial packaging; bottles, shopping bags, and other consumer goods containers; automotive parts; engineering and infra-structure goods; and household appliances. Its Vinyls segment produces polyvinyl chloride, caustic soda, chlorine, hydrogen, caustic soda flake, and sodium hypochlorite. The company's USA and Europe segment produces polypropylene in the United States and Germany. Braskem S.A.'s Mexico segment produces, operates, and sells ethylene, HDPE, and LDPE in Mexico. It also imports and exports chemicals, petrochemicals, and fuels; produces, supplies, and sells utilities, such as steam, water, compressed air, and industrial gases; and provides industrial services. The company was formerly known as Copene Petroquímica do Nordeste S.A. and changed its name to Braskem S.A. in 2002. Braskem S.A. was founded in 1972 and is headquartered in São Paulo, Brazil.

    Recent Trading Activity for Braskem SA (NYSE:BAK)
    Shares of Braskem SA closed the previous trading session at 29,98 +0,090 0,30 % with 641800 shares trading hands.

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