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Morgan Stanley Sticks to Their Hold Rating for Huntsman (HUN)

Tipranks - Tipranks - Sat Feb 21, 5:57AM CST

Morgan Stanley analyst Vincent Andrews maintained a Hold rating on Huntsman today and set a price target of $11.00.

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Andrews covers the Basic Materials sector, focusing on stocks such as Albemarle, Air Products and Chemicals, and Olin. According to TipRanks, Andrews has an average return of 2.2% and a 65.22% success rate on recommended stocks.

In addition to Morgan Stanley, Huntsman also received a Hold from TipRanks – PerPlexity’s PerPlexity Chemicals in a report issued yesterday. However, on February 18, Mizuho Securities maintained a Sell rating on Huntsman (NYSE: HUN).

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Based on Huntsman’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.36 billion and a GAAP net loss of $96 million. In comparison, last year the company earned a revenue of $1.45 billion and had a GAAP net loss of $141 million

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