Huntsman price target raised to $15 from $14 at RBC Capital

RBC Capital analyst Arun Viswanathan raised the firm’s price target on Huntsman (HUN) to $15 from $14 and keeps a Sector Perform rating on the shares. The company’s Q1 results and Q2 guidance topped estimates as it is successfully implementing price increases ahead of rising raw material costs, particularly in benzene and other oil-linked raw materials, the analyst tells investors in a research note. RBC adds, however, that given the stock’s persistently high multiple, the firm continues to see it as fully valued.