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Fly News Breaks for October 1, 2018
HUN
Oct 1, 2018 | 08:24 EDT
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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