Huntsman price target lowered to $8.50 from $9 at Citi
Citi analyst Patrick Cunningham lowered the firm’s price target on Huntsman (HUN) to $8.50 from $9 and keeps a Neutral rating on the shares as part of a Q3 earnings preview for the commodity chemicals group. The firm reduced Q3 and Q4 EBITDA estimates by up to 12% citing weak seasonal demand growth and inventory surplus.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HUN:
Disclaimer & DisclosureReport an Issue
- Huntsman general counsel Julia Wright to step down
- Cautious Hold Rating for Huntsman Amid Stable Financial Outlook and Market Conditions
- Huntsman management to meet with KeyBanc
- Huntsman downgraded to Underperform from Neutral at Mizuho
- Huntsman general counsel David Stryker to retire, Julia Wright to succeed
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.