$BAK

Braskem, a global chemical manufacturer, partnered with Rockwell Automation to deploy the SecureOT Platform, enhancing its cybersecurity capabilities. The system provides real-time visibility into over 3,000 OT assets across 39 facilities, improving risk management and compliance. According to Braskem, the platform helps prioritize vulnerability remediation and supports proactive security measures.

Analysts downgraded several companies: Deutsche Bank cut PepsiCo (PEP) to Hold with a $138 target; Raymond James downgraded RLJ Lodging (RLJ) to Market Perform; HSBC cut Braskem (BAK) to Hold with a $1.5 target; DA Davidson downgraded UiPath (PATH) to Underperform with a $10 target; William Blair downgraded Acuity (AYI) to Market Perform.

HSBC downgraded Braskem (BAK) from Buy to Hold, lowering its price target from $6.50 to $1.50. GuruFocus values BAK at $5.14, suggesting a 70% undervaluation at its current price of $1.54. The company's GF Score is 53/100, indicating mixed financial performance.

Petrobras CEO Magda Chambriard stated the company will not increase its stake in Braskem unless other shareholders do the same. Braskem, which has $11B in debt, is negotiating restructuring with creditors. Petrobras aims to finalize preliminary terms by October 9. Petrobras owns 36.1% of Braskem, with 47% voting rights.

São Paulo prosecutors have asked a court to freeze funds to Braskem's Mexican unit, Braskem Idesa, citing concerns about creditors' lack of information. The request covers US$400M+ and aims to pause the flow until full disclosure. Braskem is restructuring US$10.9B in debt and needs creditor approval by 22 November 2026. The judge's decision is pending.

Braskem SA (BAK) creditors are asking controlling shareholders Petrobras (PBR) and IG4 Capital to inject $3B in equity as part of a debt restructuring. Creditors rejected Braskem's August plan, which sought $2B from them. Petrobras resists giving financial guarantees, raising bankruptcy concerns. Braskem filed for creditor protection in June.

IG4 Capital, a Brazilian private-equity firm, has received regulatory approval for a mandatory offer to Braskem minority shareholders, involving debentures instead of cash. Separately, IG4 is preparing a binding bid for Raízen's debt, aiming to gain control through creditors. Braskem is in restructuring with $10.9B in debt, while Raízen's restructuring involves $12.6B in debt and potential equity conversion.

Braskem SA (BAK) bondholders rejected a restructuring plan, demanding capital injection from Petrobras (PBR) and IG4 Capital. The proposal involves $2B in new money, including debt repurchases at 50% face value. Creditors insist on enforceable commitments, raising bankruptcy concerns.

Braskem's shares fell 15.16% to R$4.53 (US$0.88) on 16 September 2026 after UBS BB downgraded it to 'sell' with a price target cut to R$3.75. The company, already in restructuring, faces debt conversion risks and legal liabilities, with a creditor agreement deadline set for 22 November 2026.

Braskem SA (BAK) shares fell 15.2% after UBS downgraded it to Sell with a $1.50 price target, citing debt, restructuring challenges, and weak EBITDA outlook. BAK's P/S ratio is 0.13, below historical and industry averages. GF Value™ suggests it's 65.7% undervalued, but financial health is poor with solvency risks.