BUZZ-RBC Capital Markets lowers PT on Celanese
ReutersJan 16, 2025 2:14 PM
RBC Capital Markets cuts price target on specialty chemicals company Celanese CE.N to $84 from $88
New price target represents a 18.3% upside to the stock's last close
Brokerage says looming tariffs could prove to be headwinds for most U.S. commodity chemical companies, which are now unlikely to achieve mid-cycle earnings levels before 2026
5 of 20 brokerages rate the stock "buy" or higher, 10 "hold" and 5 "sell" or lower; their median PT is $84.50 - data compiled by LSEG
Stock was down 52% in 2024
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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