Goldman Sachs Sticks to Their Sell Rating for Huntsman (HUN)
In a report released today, from Goldman Sachs maintained a Sell rating on Huntsman, with a price target of $9.00. The company’s shares closed yesterday at $8.40.
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Huntsman has an analyst consensus of Hold, with a price target consensus of $10.45, a 24.40% upside from current levels. In a report released on October 13, Bank of America Securities also downgraded the stock to a Sell with a $8.00 price target.
Based on Huntsman’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.46 billion and a GAAP net loss of $158 million. In comparison, last year the company earned a revenue of $1.57 billion and had a net profit of $22 million
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