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Celanese price target raised to $200 from $155 at Alembic Global » 07:1905/0305/03/21
Alembic Global analyst…
Alembic Global analyst Hassan Ahmed raised the firm's price target on Celanese to $200 from $155 and keeps an Overweight rating on the shares. After the company reported a "strong" Q1, Ahmed believes that the consensus forecast is "not fully baking in" what he considers to be sustainably strong fundamentals, the analyst tells investors in a post-earnings research note.
Celanese price target raised to $180 from $170 at Barclays » 06:4704/2704/27/21
Barclays analyst Duffy…
Barclays analyst Duffy Fischer raised the firm's price target on Celanese to $180 from $170 and keeps an Overweight rating on the shares following the company's Q1 beat. In Q2, softer auto orders and tightness in resins will limit volume growth, but these issues are expected to be resolved in Q3 or sooner, Fischer tells investors in a research note.
Celanese price target raised to $181 from $170 at RBC Capital » 06:2704/2704/27/21
RBC Capital analyst Arun…
RBC Capital analyst Arun Viswanathan raised the firm's price target on Celanese to $181 from $170 and keeps an Outperform rating on the shares. The company's "strong execution" drove a Q1 earnings beat and its outlook for Q2 also reflects the exposure to early-recovery markets in Asia, Autos and Electronics, the analyst tells investors in a research note. Celanese faces some challenges from margin compression due to lower AC price and higher raw material costs in Q2, but he is optimistic on the demand recovery outlook, Viswanathan adds.
Celanese price target raised to $183 from $165 at Wells Fargo » 07:5104/2604/26/21
Wells Fargo analyst…
Wells Fargo analyst Michael Sison raised the firm's price target on Celanese to $183 from $165 and keeps an Overweight rating on the shares to reflect a strong recovery in earnings during 2021 with upside through 2023. While some may be concerned this suggests 2021 reflects peak earnings, the analyst believes strong market fundamentals suggests acetyl chain EBIT remains +$900M annually to 2023.
Celanese price target raised to $168 from $160 at Deutsche Bank » 07:0404/2604/26/21
Deutsche Bank analyst…
Deutsche Bank analyst David Begleiter raised the firm's price target on Celanese to $168 from $160 and keeps a Hold rating on the shares. The company's "impressive beat and raise" was underpinned by extremely tight acetyl fundamentals which is expected to result in a cyclical peak in acetyl earnings in Q2, Begleiter tells investors in a research note.
Celanese price target raised to $195 from $180 at Baird » 06:5804/2604/26/21
Baird analyst Ghansham…
Baird analyst Ghansham Panjabi raised the firm's price target on Celanese to $195 from $180 and keeps an Outperform rating on the shares. The analyst said the company is a Top Pick based on its consistent execution, global growth, the EM segment benefiting from several quarters of volume reversion, its balance sheet optionality, and the stock's valuation.
Celanese price target raised to $182 from $175 at BMO Capital » 08:2404/2304/23/21
BMO Capital analyst John…
BMO Capital analyst John McNulty raised the firm's price target on Celanese to $182 from $175 and keeps an Outperform rating on the shares. The company faced significant disruptions across all segments but still posted a "sizable" Q1 earnings beat and an "even more impressive" raise for Q2 and FY21 guidance, the analyst tells investors in a research note. McNulty adds that the significant scale in the Celanese Acetyls segment will help the company take advantage of anemic inventories and robust demand to capture rising profitability.
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Celanese raises FY21 EPS to $12.50-$13.50, consensus $11.25 » 16:2904/2204/22/21
Prior guidance was…
Prior guidance was $11.00-$11.50. "Our teams have maintained the momentum with which we entered 2021 despite the challenges of Winter Storm Uri," continued CEO Lori Ryerkerk. "The unique value of our global positions and unparalleled optionality, particularly within our Acetyl Chain business, was demonstrated in our first quarter performance. Demand for our Engineered Materials and Acetyl Chain products remains strong across most end markets. Amid a tightened industry landscape following the storm, we are well positioned to continue to deliver leading value. Inclusive of current industry dynamics, higher inventory costs from Winter Storm Uri, and our minimal turnaround needs due to previous acceleration of scheduled turnarounds, we expect second quarter 2021 adjusted earnings of approximately $4.00 per share, which would be an all-time record. Driven by this elevated performance across the first half, we now expect adjusted earnings of $12.50 to $13.50 per share in 2021, reflecting a moderation in Acetyl Chain industry utilization and pricing as the year progresses."
Celanese sees Q2 EPS around $4.00, consensus $2.97 16:2704/2204/22/21