KeyBanc raised the firm’s price target on Celanese (CE) to $76 from $71 and keeps an Overweight rating on the shares. The firm says the company’s Q1 is an important first step in rebuilding confidence. From an external standpoint, results show the end of destocking in the automotive chain and consistent demand in healthcare, electronics, and industrial markets. Internally, the quarter shows progress on cost actions, early signs of pricing in EM, strong start on free cash flow, and new divestment target, KeyBanc adds. While management didn’t commit to a hard target for second half of 2025, Celanese still aims to achieve about $2/share level of quarterly earnings by year-end.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CE:
- Celanese Hold Rating: Balancing Strategic Initiatives Against Macroeconomic Challenges
- Celanese Corporation Reports First Quarter 2025 Earnings
- Celanese Earnings Call: Balancing Challenges and Opportunities
- Sell Recommendation for Celanese Amid Challenging Demand and Financial Pressures
- Closing Bell Movers: Palantir falls 9%, Ford down 2% on earnings
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue