Huntsman price target lowered to $9 from $10 at Goldman Sachs

Goldman Sachs analyst Duffy Fischer lowered the firm’s price target on Huntsman (HUN) to $9 from $10 and keeps a Sell rating on the shares. Chemical demand remains soft, with most value chains experiencing flat to declining margins and company commentary suggesting results are falling short of expectations, the analyst tells investors in a research note. Construction and durable goods continue to be the weakest segments, with destocking pressures intensifying as inventories built ahead of first-half trade disruptions are now being reduced amid subdued end-market demand, Goldman adds.