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BFFAF - BASF: One Of Our Top Picks Buy With 40% Upside And 6.7% Yield
Basf Se Ord
€1.1bn impairment due to Wintershall Dea equity stake and Nord Stream 2 gas pipeline.
The company reported strong results led by price increase over cost.
We confirm our bullish thesis on the chemical space, and we reiterate our buy rating with a price appreciation of more than 40% with a solid and well-covered dividend yield.