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Fly News Breaks for September 7, 2016
CE
Sep 7, 2016 | 06:10 EDT
Citi analyst P.J. Juvekar downgraded Celanese to Neutral saying he sees earnings growth risks from a secular decline in the "once dependable" filter tow business, which is used in cigarette filters. The analyst cut his price target for the shares to $71 from $77 and notes his 2017 earnings estimates are now below consensus.
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