We have adjusted our estimates ahead of Wacker Chemie''s Q2 reporting. We increase our FY24/25 EPS estimates by 3 / 4%. These upgrades relate mostly to Wacker''s Silicones business where performance looks to have improved through Q2. We increase our price target to EUR124 (previously EUR122) and retain our Outperform rating on the stock.
We do not consider the changes to be material; our rating is unchanged.
