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Fly News Breaks for May 9, 2019
HUN
May 9, 2019 | 16:21 EDT
As previously reported, Goldman Sachs analyst Robert Koort upgraded Huntsman to Buy from Neutral, citing his view that the stock has "unfairly traded down" to a level that that does reflect the company's high proportion of MDI sales into high-growth urethane systems, its much improved free cash flow generation and balance sheet optionality and his view of the "high likelihood" that Q1 represented the bottom for MDI profitability. Koort has a $31 price target on Huntsman shares.
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