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UBS Downgrades Celanese Corp(CE.US) to Hold Rating, Cuts Target Price to $97

Futu News ·  Nov 11 17:33  · Ratings

UBS analyst Joshua Spector downgrades $Celanese Corp (CE.US)$ to a hold rating, and adjusts the target price from $184 to $97.

According to TipRanks data, the analyst has a success rate of 54.6% and a total average return of 3.7% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Celanese Corp (CE.US)$'s main analysts recently are as follows:

  • The latest financial outcomes and subdued market projections have amplified apprehensions regarding the company's capacity to handle its debt obligations. An analyst has noted that increased leverage and these elevated risks suggest that the company's valuation multiple is likely to remain subdued for an extended period. The possibility of additional declines in the stock's value cannot be dismissed if market worries intensify.

  • The considerable leverage assumed by Celanese for the M&M acquisition, alongside increased capacity in its end markets and a less favorable macroeconomic climate, suggests a reasonably negative skew in the risk/reward profile for equity holders. The necessity to prioritize debt holders over equity investors is likely to further affect shareholder value.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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