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Fly News Breaks for October 2, 2015
HUN
Oct 2, 2015 | 07:11 EDT
SunTrust reduced its price target on Huntsman, citing the company's Q3 profit warning on 9/25 and sector multiple compression. The firm thinks the stock is undervalued versus its peers, but does not expect the stock to rebound until the end of the year, when the company;s strong 2016 free cash flow outlook will become apparent, according to the firm. It keeps a Buy rating on the shares.
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