BofA analyst Steve Byrne downgraded Huntsman (HUN) to Neutral from Buy with a price target of $15, down from $22. The firm lowered its 2025 and 2026 EBITDA growth rates to 5% and 17% from 19% and 37%, respectively, for a two-year total expansion of 23%, down from 63%, as it significantly rolled back its earnings recovery expectations. Moreover, BofA no longer expects Huntsman’s free cash flow post minority interest dividends to cover its roughly $175M dividend, the analyst tells investors.
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Read More on HUN:
- Huntsman downgraded to Neutral from Buy at BofA
- Huntsman price target lowered to $15 from $18 at RBC Capital
- Huntsman price target lowered to $17 from $20 at Wells Fargo
- Huntsman price target lowered to $13 from $18 at UBS
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