Jefferies lowered the firm’s price target on Trinseo (TSE) to $3 from $6 and keeps a Hold rating on the shares. Q1 EBITDA came in below consensus and Q2 EBITDA pegged at $55M-$70M missed consensus of $71M, notes the analyst, who is lowering estimates to better reflect demand risks this summer and a slower cadence of recovery in 2026-2027. However, liquidity risks “appear less challenging given the extended maturity schedule,” the analyst added.
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