May. 12 at 2:02 PM
$BAK Braskem upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Milene Carvalho upgraded Braskem () to Overweight from Neutral with a
$5.50 The firm cites improved market fundamentals, tighter supply, and strengthened governance post the company’s restructuring for the upgrade. Braskem is positioned for a stronger 2026 as global market challenges and logistics constraints in the Middle East have tightened petrochemical supply and supported margin improvement, the analyst tells investors in a research note.