Celanese price target raised to $48 from $43 at RBC Capital

RBC Capital analyst Arun Viswanathan raised the firm’s price target on Celanese (CE) to $48 from $43 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q4 for Commodity Chemicals. The company’s TiO2 business faces continued challenges in Q4 with about $25M additional charges vs. Q3 due to lower production utilization, though the firm is boosting estimates given anticipated immersion cooling commercialization in 2026, the analyst tells investors in a research note.