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Croda downgraded to hold by Peel Hunt over market uncertainty

Croda International PLC (LON:CRDA) was downgraded to hold from add by Peel Hunt over market uncertainty.

Analysts at the broker kept the 4,200p target price unchanged, commenting the chemicals group has limited visibility, although the order book is in line with normal circumstances.

READ: Croda to pay final dividend, says demand remains solid amid coronavirus pandemic[hhmc]

All main manufacturing sites are operating, though the India and Singapore locations have implemented restrictions.

Demand has remained solid as customers arRead More – Source
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