Akzo Nobel NV

AKZA: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€93.00	Lqkdz	Xmqjgtd

AkzoNobel: Brand Power of Dulux Is Shining Through Despite Challenging Market Environment

Diana Radu

Sep 15, 2023

We reduce our fair value estimate for AkzoNobel by 12% to EUR 88 following a transfer of coverage and a fresh look at the business, including a slightly more moderate long-term outlook. We believe shares remain attractive even after this fair value cut, offering an upside of around 20% at current levels.

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