Headlines about Braskem (NYSE:BAK) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Braskem earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s rankings:
- Cabot (COG) Misses Q2 Earnings, Beats Revenue Estimates (finance.yahoo.com)
- National Oilwell (NOV) Q2 Loss in Line, Revenues Miss Mark (finance.yahoo.com)
- Cabot (COG) Misses Q2 Earnings, Beats Revenue Estimates – Nasdaq (nasdaq.com)
- National Oilwell (NOV) Q2 Loss in Line, Revenues Miss Mark – Nasdaq (nasdaq.com)
- Braskem SA ADR (NYSE:BAK) Experiences Light Trading Volume – First News 24 (firstnewspaper24.com)
Braskem (NYSE BAK) remained flat at $24.15 during mid-day trading on Friday. The company had a trading volume of 254,087 shares. Braskem has a 1-year low of $11.05 and a 1-year high of $25.65. The company’s 50-day moving average is $21.59 and its 200 day moving average is $21.09.
A number of research analysts have weighed in on BAK shares. Zacks Investment Research upgraded Braskem from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Friday, June 30th. Morgan Stanley upgraded Braskem from an “equal weight” rating to an “overweight” rating in a report on Monday, July 17th. BidaskClub upgraded Braskem from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, ValuEngine upgraded Braskem from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $21.33.
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Braskem Company Profile
Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.
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