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Fly News Breaks for October 15, 2019
CE
Oct 15, 2019 | 16:25 EDT
Wells Fargo analyst Michael Sison initiated coverage of Celanese with an Outperform rating and $140 price target. The company can keep earnings at a "solid level" despite a tougher external environment where its operating model for acetyl chain and engineered materials remain underappreciated, Sison tells investors in a research note. Further, the analyst believes Celanese still has optionality for a "transformative transaction" to drive further shareholder value.
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