Lanxess Soars as JPMorgan’s Double Upgrade Provides Rare Boost

Lanxess AG shares soared after JPMorgan Chase & Co. double upgraded the German specialty chemical company, saying it should get an earnings boost as the war in Iran eases competitive pressures and increases pricing power.

“The company appears best positioned to benefit near term from APAC supply disruptions tied to the ongoing Middle East conflict, given its status as one of the few — potentially the only — Western suppliers in select key product chains,” analysts Chetan Udeshi and Angelina Glazova said in a research note.