Celanese downgraded at J.P. Morgan, Barclays on valuation [Seeking Alpha]
Celanese Corporation Celanese Corporation (CE)
Last celanese corporation celanese corporation earnings: 4/27 04:15 pm
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Source: Seeking Alpha
The downgrades come after Celanese's ( CE ) stock rose as much as 72% in the past 12 months. J.P. Morgan Celanese ( CE ) was downgraded to Underweight from a previous investment rating of Neutral by J.P. Morgan, which raised its price target on the stock to $160 a share from $135 a share. The target is based on a sum-of-the-parts analysis that uses different multiples for Celanese's ( CE ) engineered materials segment and the acetyl chain segment. “Celanese ( CE ) is reflecting 2026 earnings and then some, which may limit capital appreciation potential and lead to underperformance in a market in which cyclical risks rise,” Jeffrey Zekauskas, analyst at J.P. Morgan, said in an April 4 report. Barclays Celanese ( CE ) was downgraded to Equal Weight from a previous rating of Overweight by Barclays, which maintained its price target of $170 a share. We “continue to view as one of the higher-quality cyclical names in chemicals, although valuation leaves upside more limited afte
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- Celanese Announces Kim K.W. Rucker as New Lead Independent DirectorBusiness Wire
CE
Earnings
- 2/20/24 - Miss
CE
Sec Filings
- 3/21/24 - Form ARS
- 3/21/24 - Form DEFA14A
- 3/21/24 - Form DEF
- CE's page on the SEC website