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Fly News Breaks for April 18, 2018
CE
Apr 18, 2018 | 09:36 EDT
BMO Capital analyst John McNulty raised his price target on Celanese to $137 and kept his Outperform rating, saying the company has the potential to "shock" the Street with its earnings growth. McNulty notes that even if the fundamentals for the company are less rosy than in Celanese post-Q1 earnings call anticipating tighter celanese market, the stock should have "significant upside" for the next few years. The analyst also raised his FY18 EPS view to $9.35 from $8.62, adding that his new price target comes with "significant upside potential".
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