UBS Group cut shares of Lanxess (OTCMKTS:LNXSF) from a buy rating to a neutral rating in a research note issued to investors on Thursday morning, 99wallstreet.com reports.
Separately, Macquarie cut shares of Lanxess from an outperform rating to a neutral rating in a research report on Thursday, November 29th.
OTCMKTS:LNXSF opened at $49.69 on Thursday. Lanxess has a 12 month low of $49.69 and a 12 month high of $90.95.
LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals.
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