Celanese price target raised to $76 from $71 at KeyBanc

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.