Braskem – The glass may be half full; reiterate Overweight
Braskem – The glass may be half full; reiterate Overweight
· Fears related to an imminent trough greatly exaggerated, in our view
· Accelerated debt pay down could be the source of substantial upside – lessons
learnt from Lyondell applicable
· We rate Braskem shares Overweight with a BRL18 target price (USD21 for ADR)
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