BASF cut to sell by Citi

LONDON (MarketWatch) — BASF was cut to sell from hold by Citi after the chemical group’s warning on Wednesday. The broker said wtihout dividend security there’s no reason to own BASF shares, and pointed out that the oil and gas division has geopolitical risk since the majority of production growth comes through its ventures with Gazprom.
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Original post by Forextvblog

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