BofA raised the firm’s price target on Celanese (CE) to $75 from $70 and keeps a Buy rating on the shares. Commodity markets inflated rapidly through March and into April due to the Iran conflict, which is driving material upside to upstream forecasts for 2026 starting in Q2, while simultaneously resulting in cuts to downstream producers, the analyst tells investors in a preview for the U.S. chemicals group.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CE:
- Celanese Expands Board, Adds Industry Veteran Anne Noonan
- Celanese Shareholders Back Board, Auditor and Executive Pay
- Celanese announces Engineered Materials price increase
- Celanese price target raised to $84 from $81 at Citi
- Celanese announces several actions highlighting advantages of global network