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Fly News Breaks for June 15, 2018
CE
Jun 15, 2018 | 09:42 EDT
BMO Capital analyst John McNulty raised his price target on Celanese to $150 and kept his Outperform rating, saying the company's Acetic Acid prices continue their upward trajectory amid a tight supply/demand environment, while the capacity curbs by China also support the pricing dynamic. The analyst notes that risk-reward is solidly to the upside for the stock as prices have now risen 10-14% sequentially in Q2.
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