# Jefferies cuts Evonik as Middle East disruption boost to earnings fades

> Jefferies downgraded Evonik Industries to hold from buy and cut its 2027 EBITDA forecast by 9% to below €2 billion as Strait of Hormuz supply disruptions lift its earnings fade. Methionine prices have already fallen 43% from their April peak in China, 31% in Europe and 15% in the US. Reuters reported that Evonik rejected two BASF takeover offers.

- Date: 2026-11-11 · published 2026-11-12T00:13:40.494Z
- Category: market · region Germany · magnitude low
- Page: https://feedsoft.ai/events/94424-jefferies-cuts-evonik-as-middle-east-disruption-boost-to-earnings-fades
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

Methionine is a key amino acid in poultry feed, so its falling prices ease feed formulation costs for buyers. The fading Middle East supply premium points to further downside in methionine prices.

## Read by commodity

- METH: bearish ▼

## Sources

- au.investing.com: https://au.investing.com/news/stock-market-news/jefferies-cuts-evonik-as-middle-east-disruption-boost-to-earnings-fades-4761874
- ca.investing.com: https://ca.investing.com/news/stock-market-news/jefferies-cuts-evonik-as-middle-east-disruption-boost-to-earnings-fades-4949629

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.