Braskem (NYSE:BAK) Earning Somewhat Favorable Press Coverage, Analysis Finds

Press coverage about Braskem (NYSE:BAK) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Braskem earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the energy company an impact score of 45.6573521232833 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Braskem (NYSE BAK) opened at 23.86 on Tuesday. Braskem has a 52-week low of $11.02 and a 52-week high of $24.40. The company’s 50 day moving average is $20.31 and its 200 day moving average is $20.78.

Several research firms recently weighed in on BAK. Morgan Stanley upgraded shares of Braskem from an “equal weight” rating to an “overweight” rating in a research report on Monday. BidaskClub upgraded shares of Braskem from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Braskem from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research report on Tuesday, June 6th. Finally, ValuEngine upgraded shares of Braskem from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.33.

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About Braskem

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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