Jefferies cuts Evonik as Middle East disruption boost to earnings fades
In short
Jefferies has downgraded its rating on Evonik as the earnings boost stemming from Middle East disruptions begins to fade. The financial firm adjusted its outlook following the diminishing impact of these regional disruptions on the specialty chemicals company's performance.
Key points
- Jefferies has downgraded its rating on Evonik as the earnings boost stemming from Middle…: Jefferies has downgraded its rating on Evonik as the earnings boost stemming from Middle East disruptions begins to fade.
- The financial firm adjusted its outlook following the diminishing impact of these regiona…: The financial firm adjusted its outlook following the diminishing impact of these regional disruptions on the specialty chemicals company's performance.