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Enter Symbol:
BASF SE (ADR) (BASFY) [hlAlert]

Neutral BASFY

BASF SE (ADR) (BASFY) downgraded to Neutral by HSBC Securities

Posted on: Friday,  Sep 28, 2012  8:25 AM ET by HSBC Securities

HSBC Securities rated Neutral BASF SE (ADR) (OTCBB: BASFY) on 09/28/2012. Previously HSBC Securities rated Overweight BASF
SE (ADR) (OTCBB: BASFY) on 04/16/2012., when the stock price was $82.90. Since then, BASF SE (ADR) has gained 1.97% of its value until HSBC Securities rated BASFY Overweight on 09/28/2012, when the price was $84.53. .

BASF SE is a chemical company. The Company operates in six segments: Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural Solutions and Oil & Gas. Chemicals segment offers products in the chemical, electronic, construction, textile, automotive, pharmaceutical and agricultural industries. Plastics segment offers a range of products, system solutions and services. Performance Products help its customers to improve their products and processes. Functional Solutions segment bundles system solutions and products for customers and industries. The Company?s Agricultural Solutions segment includes crop protection products, which guard against fungal diseases, insects and weeds. Its Oil & gas segment is a producer of oil and gas. On April 9, 2009, the Company acquired Ciba Holding AG. In April 2010, Intertek Group plc acquired the Regulatory and Safety Testing businesses of Ciba Expert Services (Ciba ES) from the Company.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/1/2013 8:25 AM Buy
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD up  1.96 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/28/2012 8:25 AM Hold
4/16/2012 8:25 AM Buy
1/26/2012 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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