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CE

Celanese

$105.66

-1.35 (-1.26%)

08:50
07/23/19
07/23
08:50
07/23/19
08:50

Celanese EM volume decline could impact sentiment, says Baird

Baird analyst Ghansham Panjabi said Celanese was clearly challenged by broad-based end market weakness, the extent of Engineered Materials (EM) segment volumes during Q2 could weigh on the shares. The analyst said the bar was set low for Q2 but Q3 guidance was below consensus and the shares are likely to reflect both the weak quarter and outlook. Panjabi maintained his Outperform rating and $125 price target on Celanese shares.

  • 23

    Jul

CE Celanese
$105.66

-1.35 (-1.26%)

04/15/19
04/15/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. CVS Health (CVS) downgraded to Perform from Outperform at Oppenheimer with analyst Michael Wiederhorn saying he views it as more of a long-term opportunity given the potential timeline to execute on its strategy and the near-term legacy business challenges. 2. Infosys (INFY) downgraded to Hold from Buy at Deutsche Bank and Investec, to Reduce from Neutral at Nomura Instinet, to Underperform from Neutral at Credit Suisse, to Equal Weight from Overweight at Morgan Stanley, and to Neutral from Buy at Citi and BofA/Merrill. 3. Celanese (CE) downgraded to Hold from Buy at Deutsche Bank with analyst David Begleiter saying the company's leadership transition creates uncertainty. 4. Alliance Data (ADS) downgraded to Underweight from Equal Weight at Stephens and to Market Perform from Outperform at BMO Capital. 5. Wells Fargo (WFC) downgraded to Neutral from Conviction Buy at Goldman Sachs, to In Line from Outperform at Evercore ISI, and to Neutral from Buy at BofA/Merrill and Buckingham. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/29/19
ALMG
04/29/19
UPGRADE
ALMG
Neutral
Celanese upgraded to Neutral from Underweight at Alembic Global
06/20/19
BMOC
06/20/19
NO CHANGE
Target $115
BMOC
Market Perform
Celanese price target lowered to $115 from $126 at BMO Capital
BMO Capital analyst John McNulty lowered his price target on Celanese to $115 and kept his Market Perform rating, saying the company's expectations of Q2 conditions being similar with Q1 disclosed in its latest earnings statement are "unlikely" to be met. The analyst cites the "weakening macro-environment, falling commodity prices, and continued destocking" in acetyls, prompting weakness in Celanese's acetic-acid and "modest declines" in its vinyl acetate monomer volumes. Given the "challenging" macro conditions expected in the back half of 2019, McNulty also believes that the management's FY19 outlook is a "stretch".
07/02/19
VERT
07/02/19
DOWNGRADE
VERT
Hold
Celanese downgraded to Hold from Buy at Vertical Research
Vertical Research analyst Kevin McCarthy downgraded Celanese to Hold from Buy, citing challenges in emerging markets and for acetyl products.

TODAY'S FREE FLY STORIES

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ZAYO

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USEG

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MICR

Micron Solutions

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TLGT

Teligent

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LB

L Brands

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0.455 (2.29%)

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AFG

American Financial Group

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0.53 (0.53%)

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  • 04

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JNJ

Johnson & Johnson

$131.55

0.98 (0.75%)

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JWN

Nordstrom

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  • 21

    Aug

SPRT

Support.com

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HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

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  • 21

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HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

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  • 21

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LB

L Brands

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HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

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  • 21

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LB

L Brands

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BGNE

BeiGene

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  • 09

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HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

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  • 21

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TGT

Target

$103.11

17.54 (20.50%)

, LOW

Lowe's

$108.00

9.96 (10.16%)

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TGT

Target

$103.11

17.54 (20.50%)

LOW

Lowe's

$108.00

9.96 (10.16%)

GS

Goldman Sachs

$200.69

0.77 (0.39%)

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LEDS

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PDD

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  • 21

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LB

L Brands

$20.35

0.455 (2.29%)

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  • 22

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WH

Wyndham Hotels & Resorts

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AMR

Alta Mesa Resources

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