Wells Fargo Sticks to Its Hold Rating for Huntsman (HUN)
Wells Fargo analyst Michael Sison maintained a Hold rating on Huntsman today and set a price target of $9.00.
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Sison covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, Air Products and Chemicals, and Albemarle. According to TipRanks, Sison has an average return of -2.8% and a 39.05% success rate on recommended stocks.
In addition to Wells Fargo, Huntsman also received a Hold from Citi’s Patrick Cunningham in a report issued today. However, yesterday, Mizuho Securities maintained a Sell rating on Huntsman (NYSE: HUN).
Based on Huntsman’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.46 billion and a GAAP net loss of $25 million. In comparison, last year the company earned a revenue of $1.54 billion and had a GAAP net loss of $33 million
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HUN in relation to earlier this year.
