NEW YORK (dpa-AFX) - Analysts Jefferies left its rating on Covestro at "buy" with a price target of 45 euros. The plastics group's near-term earnings momentum is likely to be challenging, analyst Chris Counihan wrote in a research note issued Wednesday. This is because chemical companies and their customers would have focused on reducing inventories and generating cash at the end of the year. In addition, the Chinese New Year falls early in 2023, he said, which could postpone the bottom of the cycle and earnings for another quarter./edh/tih

Original study published: 03.01.2023 / 11:27 / ET Original study first shared: 03.01.2023 / 19:01 / ET

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