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HUN

Huntsman

$24.06

0.11 (0.46%)

12:50
10/15/18
10/15
12:50
10/15/18
12:50

Jefferies sees improving trends, 'low bar' for Huntsman

Jefferies analyst Laurence Alexander maintained a Buy rating and $43 price target on Huntsman, noting the company is trading at 5.3x trough EBITDA and ~40% below the firm's sum-of-the-parts model, which the analyst suggests is a bar "set low." Alexander is positive on Huntsman, noting improving auto and construction trends, improvement in polyurethane margins, Huntsman's ability to pass through raw materials and generate free cash flow, and an expectation free cash flow will be deployed to reduce the company's risk profile.

  • 13

    Nov

HUN Huntsman
$24.06

0.11 (0.46%)

10/08/18
10/08/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Huntsman (HUN) initiated with an Underweight at Barclays. 2. NIO Inc. (NIO) initiated with a Buy at Deutsche Bank and a Neutral at Goldman Sachs. 3. Cabot (CBT) initiated with an Overweight at Barclays. 4. Auris Medical (EARS) initiated with a Buy at Euro Pacific. 5. iQIYI (IQ) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/08/18
LEHM
10/08/18
INITIATION
Target $29
LEHM
Underweight
Huntsman initiated with an Underweight at Barclays
Barclays analyst Michael Leithead started Huntsman with an Underweight rating and $29 price target. The analyst is "relatively bearish" on the n diphenylmethane diisocyanate cycle, saying it is one of the only chains he follows that is expected to loosen rather than tighten through 2020. Further, the analyst sees "ample risk" to Huntsman getting to its 2020 targets.
10/01/18
10/01/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Underweight from Equal Weight at Barclays with analyst Blayne Curtis saying end-market tailwinds that propelled the run in shares, namely PC shortages and the slowing of server growth, are likely to reverse. 2. Chipotle (CMG) downgraded to Underperform from Perform at Oppenheimer with analyst Brian Bittner saying since its new CEO announcement in February, Chipotle is up 82% and has been upgraded 10 different times by the Street. 3. AMD (AMD) downgraded to Neutral from Outperform at Baird with analyst Tristan Gerra saying while the company's fundamentals continue to improve, he believes expectations and valuation are high. 4. Huntsman (HUN) downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying he sees a lack of near-term catalysts for the next few quarters "in the backdrop of a well-telegraphed normalization in MDI profits." 5. Autohome (ATHM) downgraded to Sell from Hold at 86 Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/01/18
SBSH
10/01/18
DOWNGRADE
Target $30
SBSH
Neutral
Huntsman downgraded to Neutral from Buy at Citi
Citi analyst P.J. Juvekar downgraded Huntsman to Neutral and lowered his price target for the shares to $30 from $43. The analyst sees a lack of near-term catalysts for the next few quarters "in the backdrop of a well-telegraphed normalization in MDI profits." Juvekar does not expect much growth in Huntsman's EBITDA for 2019 over 2018 amid higher raw material costs and weaker diphenylmethane diisocyanate demand conditions emerging in China.

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CAT

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MKTX

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CAT

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LTXB

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ALXN

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PB

Prosperity Bancshares

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0.33 (0.46%)

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MKTX

MarketAxess

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BSX

Boston Scientific

$38.21

-0.45 (-1.16%)

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CAT

Caterpillar

$133.69

1.47 (1.11%)

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Earnings
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PB

Prosperity Bancshares

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0.33 (0.46%)

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HRI

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NOW

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BSX

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HRI

Herc Holdings

$47.02

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Earnings
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ALXN

Alexion

$99.22

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Earnings
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CAT

Caterpillar

$133.69

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Earnings
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BSX

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Earnings
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LLY

Eli Lilly

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LIN

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ALXN

Alexion

$99.22

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Earnings
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CADE

Cadence Bancorp

$17.95

0.24 (1.36%)

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