Citi analyst Patrick Cunningham lowered the firm’s price target on Huntsman (HUN) to $8.50 from $9 and keeps a Neutral rating on the shares as part of a Q3 earnings preview for the commodity chemicals group. The firm reduced Q3 and Q4 EBITDA estimates by up to 12% citing weak seasonal demand growth and inventory surplus.
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Read More on HUN:
- Huntsman general counsel Julia Wright to step down
- Cautious Hold Rating for Huntsman Amid Stable Financial Outlook and Market Conditions
- Huntsman management to meet with KeyBanc
- Huntsman downgraded to Underperform from Neutral at Mizuho
- Huntsman general counsel David Stryker to retire, Julia Wright to succeed