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Fly News Breaks for January 23, 2017
HUN
Jan 23, 2017 | 07:40 EDT
UBS analyst John Roberts raised his price target on Huntsman to $24 from $19 following the naming of its latest SpinCo - its pigments producer segment - now called Venator. The analyst said it will be the third largest global TiO2 producer and a pure play pigment producer whose sum-of-the-parts valuation remains at a discount to peers. Roberts, who view the spin as a positive catalyst for Huntsman, reiterated his Buy rating on Huntsman shares.
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