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Fly News Breaks for October 18, 2019
Oct 18, 2019 | 08:14 EDT
Jefferies analyst Laurence Alexander added Huntsman to his firm's Franchise Picks List. The analyst's 12-18 month price target is $28, or 23% potential upside plus nearly a 3% dividend yield. Fuhrer, he sees a path to over $40 per share "in a sustained cyclical rally" and over $60 "at the peak of a synchronized global up-cycle." If leading indicators continue to turn and investors continue to embrace at least a modest cyclical reflation, Huntsman "should be one of the first and fastest out of the gate," Alexander tells investors in a research note. The analyst has a Buy rating on the shares.
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