On 11/9/23, Braskem SA (NYSE: BAK) stock enjoyed a major increase of 14.9%, closing at $8.08. The stock has been strong relative to the market over the last nine months and has risen 21.9% during the last week.
Current PriceTarget Research Rating
BAK is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Braskem has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Braskem has a poor Appreciation Score of 30 but a slightly positive Power Rating of 66, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment