Brazilian petrochemical giant Braskem sees Citi lift target to $2.50/share amid high-risk flag and $773 million energy-cost strategy

Brazil · Petrochemicals

Key Facts

—Citi raises target Citi analysts lifted their price target for Braskem shares but maintained a high-risk classification, reflecting volatile petrochemical spreads.

—High-risk label persists The bank keeps Braskem rated as ‘alto risco’ (high risk) due to looming interest payments, a significant debt load, and a prolonged industry downcycle.

—Energy-cost push Braskem is advancing a 4.3-billion-real project in Rio de Janeiro aimed at improving feedstock efficiency and lowering its energy bill.