Celanese upgraded to Market Perform from Underperform at BMO Capital

BMO Capital upgraded Celanese (CE) to Market Perform from Underperform with a price target of $55, up from $45. While Celanese still has a reasonable amount of risk due to macro and end market uncertainty, both of these risks “are a bit more muted” with the tariff wars moderating and the company’s balance sheet likely seeing near-term help from asset sales, the analyst tells investors in a research note. The firm says that with consensus estimates “now dramatically lower,” the stock’s risk/reward is more balanced.