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Fly News Breaks for January 30, 2019
CE
Jan 30, 2019 | 08:07 EDT
KeyBanc analyst Michael Sison lowered his price target for Celanese to $125 from $145 to reflect updated 2019 outlook. While the analyst sees down EPS growth in 2019 year over year, EPS is still over double 2012 levels and marks 20% annualized EPS growth over the last 10 years. While shortterm negatives for the Acetyl Chain industry have surfaced recently, adjusted EBITDA should only be down LSD% in 2019, he adds. Sison reiterates an Overweight rating on the shares.
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