MADRID (MarketWatch) -- German chemical group
BASF AG was downgraded to neutral from overweight on Monday by J.P. Morgan Cazenove, which cited recent share price outperformance. The analysts upgraded
Lanxess AG to neutral from underweight, citing hopes for resilient Asian demand, auto data holding up and some firming in raw materials prices, which should pave the way for robust pricing. The analysts said top picks are Arkema SA , DSM NV and Yule Catto & Co. PLC , all rated overweight.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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