Fly News Breaks for July 24, 2019
Jul 24, 2019 | 06:33 EDT
JPMorgan analyst Jeffrey Zekauskas upgraded Celanese to Overweight from Neutral and raised his price target for the shares to $120 from $102. The company's operating performance has proven to be "surprisingly durable," Zekauskas tells investors in a research note. The analyst believes Celanese is a good free cash flow generator and thinks its free cash flow yield is likely to be about 7% of its share price for 2019 and 2020. The company is also exploring various structural routes to create shareholder value, adds Zekauskas.
News For CE From the Last 2 Days
There are no results for your query CE