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Fly News Breaks for February 13, 2019
EMN, HUN
Feb 13, 2019 | 06:17 EDT
JPMorgan analyst Jeffrey Zekauskas downgraded Huntsman (HUN) to Neutral from Overweight and lowered his price target for the shares to $24 from $25. The company has its work cut out to reach its own adjusted EBITDA forecasts for 2019, Zekauskas tells investors in a research note. Further, the analyst believes "other higher-quality intermediate chemical companies," such as Eastman Chemical (EMN), have higher free cash flow generation per share and less risk to their 2019 earnings profile.
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