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Huntsman (HUN) Gets a Sell from Bank of America Securities

Tipranks - Tipranks - Thu Jun 18, 4:46AM CDT

In a report released yesterday, Matthew DeYoe from Bank of America Securities maintained a Sell rating on Huntsman, with a price target of $10.00. The company’s shares closed yesterday at $13.18.

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DeYoe covers the Basic Materials sector, focusing on stocks such as Mosaic Co, Ecolab, and Nutrien. According to TipRanks, DeYoe has an average return of 10.6% and a 67.74% success rate on recommended stocks.

Currently, the analyst consensus on Huntsman is a Hold with an average price target of $14.22.

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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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