Berenberg increases its “Buy” goal for Akzo Nobel to 87 euros.

(dpa-AFX analyst) HAMBURG Following quarterly results, private bank Berenberg increased its price objective for Akzo Nobel from 83 to 87 euros while maintaining a “buy” recommendation. The chemical group’s second-quarter results, which were impressive given the industry’s somewhat slow start to the year, won over most investors, according to analyst Aron Ceccarelli’s research note, which was released on Wednesday.

He mentioned the improving gross margin and how the Decorative Paints segment has bottomed out, among other things./edh/ag Originally published: August 1, 2023, 16:26 GMT First publication of the original study: None of the following are mentioned in the study: date, time, or time zone. Note: Details about the duty to disclose conflicts of interest

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