BofA analyst Steve Byrne lowered the firm’s price target on Huntsman (HUN) to $12 from $15 and keeps a Neutral rating on the shares. Huntsman’s performance, guidance, and commentary point to a major demand slowdown and continued earnings declines, according to the analyst, who is lowering the firm’s 2025 EBITDA estimate by 20% to $350M. The firm’s Neutral rating balances weak 2025-26 earnings with a potential for a strong earnings recovery when the macro environment improves, the analyst added.
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