Original-Research: BASF SE (von Parmantier & Cie. GmbH): Buy

Classification of Parmantier & Cie. GmbH to BASF SE

Company Name :	BASF SE
ISIN:	DE000BASF111
Reason for the research:	Sector Study
Recommendation:	Buy
from:	06.10.2026
Target price:	EUR 59.00
Target price on sight of:	6 months
Last rating change:	n/a
Analyst:	René Parmantier

European Chemicals: The 2027 Cycle

A 76-page knowledge report and primer on the German chemicals sector

FRANKFURT AM MAIN, 6 October 2026 | Parmantier & Cie. Research announces “European Chemicals: The 2027 Cycle”, a final knowledge report and primer on the German chemicals sector, comprising 76 content pages. The report provides an analytical framework for institutional investors assessing German chemical industrials within the wider European production and competitive landscape. The report also sets out individual recommendations and 12-month price targets for each covered company.

The central thesis is that the 2027 cycle may be shaped less by a simple industrial rebound than by restructuring, operating leverage, capacity rationalisation, portfolio separation, deleveraging and selective consolidation. The analysis distinguishes temporary supply-driven earnings support from a durable improvement in volumes, margins and cash generation.

Individual recommendations and 12-month price targets

Recommendations reproduced as published in the final report dated 6 October 2026. Price targets are in EUR.

Company	Recommendation	12-month price Target (EUR)
BASF	Buy	59.00
Evonik	Hold	20.50
Lanxess	Buy (spec.)	21.00
Wacker Chemie	Buy	106.00
SGL Carbon	Buy (spec.)	5.40
K-Plus S Group	Hold	17.50
Alzchem	Hold	140.00

Source: final Parmantier & Cie. report, cover recommendation table. The report contains no Sell recommendation. “Buy (spec.)” retains the report’s speculative designation. Reference prices: XETRA closes of 1 October 2026.

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