Syensqo dips to 3-month low on read-across from European peers
** Shares of Belgian chemicals company Syensqo SYENS.BR fall to the lowest price since March 20 at 83.57 euros ($89.50)on read-across from peers in the Netherlands and France
** "People are making a read-across from Arkema AKE.PA and Akzo Nobel AKZO.AS giving weaker messaging last week," Berenberg analyst Aron Ceccarelli tells Reuters
** Dutch coating company Akzo Nobel is down 1.7% this week, while France's Arkema and Imerys IMTP.PA fell by 1.9% on Friday
** Uncertainty at Boeing and Airbus cutting this year's guidance are impacting the stocks as well, the broker says
** "You also have the electrical vehicles value chain that is under pressure at the moment and Syensqo is a producer of PVDF, a polymer used in EV batteries," it adds
** Syensqo's shares are down 3.4% on Friday at the bottom of Belgium's BEL 20 index BFX,
($1 = 0.9338 euros)
Reporting by Gianluca Lo Nostro;
Editing by Alison Williams
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