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RBC Capital Sticks to Its Hold Rating for Huntsman (HUN)

Tipranks - Tipranks - Tue May 5, 6:52AM CDT

RBC Capital analyst Arun Viswanathan maintained a Hold rating on Huntsman yesterday and set a price target of $15.00.

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According to TipRanks, Viswanathan is a 4-star analyst with an average return of 4.2% and a 53.49% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as PPG Industries, Albemarle, and Sherwin-Williams Company.

In addition to RBC Capital, Huntsman also received a Hold from Citi’s Patrick Cunningham in a report issued today. However, on the same day, Bank of America Securities reiterated a Sell rating on Huntsman (NYSE: HUN).

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Based on Huntsman’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.42 billion and a GAAP net loss of $53 million. In comparison, last year the company earned a revenue of $1.41 billion and had a GAAP net loss of $4 million

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