Akzo Nobel is trading at €60.96, up +4.28%, with its October 21 Q3 update and portfolio sale announcements the clearest catalysts for the October 22 gain.
- The Q3 update reported 2% organic sales growth and a sixth consecutive quarter of margin expansion.
- Akzo Nobel signed agreements to sell its South East Asia decorative paints business for $1.35 billion.
- Berenberg reportedly raised its price target to €70 from €67 on October 22.