Morgan Stanley downgrades Covestro to Equalweight

  • Investing.com
Morgan Stanley downgrades Covestro to Equalweight

A Morgan Stanley analyst downgraded Covestro (ETR: 1COV) from Overweight to Equalweight with a price target of $43.00 from a prior price target of EUR48.00.

Prior to this rating, Covestro had 10 buy ratings, 8 hold ratings, and 1 sell ratings.

For consensus analyst estimates and price targets on Covestro, click here. For more news on Covestro, click here.

Covestro's stock price closed at $36.250. They are down -1.01% in the last month and down -16.820% in the last 12 months.

According to Investing Pro, Covestro's fair value is $47.092, an upside of 29.908%. Covestro's fair value comes with a medium degree of uncertainty, according to InvestingPro.

Check out Covestro's recent earnings performance and financials here.

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