RBC Capital lowered the firm’s price target on Celanese (CE) to $52 from $56 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q1 results for Commodity Chemicals. Chlor-alkali prices appear to be improving in Q1 and Building & Construction demand could improve seasonally, but cold weather delayed the onset of construction season and caused some outages while Consumer demand remains subdued on inflation impacts, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CE:
- Celanese price target lowered to $40 from $55 at Wells Fargo
- Celanese price target lowered to $46 from $60 at UBS
- Celanese price target lowered to $48 from $50 at Piper Sandler
- KeyBanc sees Dow Inc., LyondellBasell earnings most at risk after tariff news
- Celanese price target lowered to $52 from $58 at Citi