Braskem S.A. (NYSE:BAK) Q4 2023 Earnings Call Transcript March 19, 2024 Braskem S.A. misses on earnings expectations. Reported EPS is $-0.8 EPS, expectations were $-0.55. BAK isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, everyone, and thank you […]
S&P on Monday downgraded Brazilian petrochemical producer Braskem's global rating to "BB+" from "BBB-", removing the last investment-grade rating the firm held with the big-three ratings agencies. "After difficult petrochemical industry conditions in 2023, we believe that the rebound in petrochemical spreads will take longer than previously expected", S&P said in a report. The rating agency added that as a result of this outlook, it expects weaker profitability, and consequently, higher leverage for Braskem until 2025.
In this article, we will take a look at the 10 stocks recently upgraded by analysts. If you want to see some more stocks on the list, go directly to Analysts are Upgrading These 5 Stocks. Bond traders are increasingly betting on the possibility that the Federal Reserve will lead the U.S. economy into a recession. […]