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Al Rajhi Capital Cuts Sabic PT, Maintains Neutral Rating

MT Newswires·09/04/2026 08:35:59
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08:35 AM EDT, 09/04/2026 (MT Newswires) -- Al Rajhi Capital on Thursday reduced the price target for petrochemicals manufacturer Saudi Basic Industries (SASE:2010), d/b/a Sabic, to 51 Saudi riyals from 61 riyals, while keeping its neutral rating unchanged. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)