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

Tipranks - Tipranks - Fri Jul 3, 8:54PM CDT

RBC Capital analyst Arun Viswanathan maintained a Hold rating on Huntsman on June 30 and set a price target of $11.00. The company’s shares closed yesterday at $10.62.

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Viswanathan covers the Basic Materials sector, focusing on stocks such as PPG Industries, RPM International, and Eastman Chemical. According to TipRanks, Viswanathan has an average return of 2.5% and a 55.00% success rate on recommended stocks.

Currently, the analyst consensus on Huntsman is a Hold with an average price target of $13.78, representing a 29.76% upside. In a report released on July 1, Mizuho Securities also maintained a Hold rating on the stock with a $13.00 price target.

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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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