Deutsche Bank Downgrades Celanese to Hold, Raises Price Target to $125
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst David Begleiter has downgraded Celanese (NYSE:CE) from Buy to Hold, while raising the price target from $120 to $125.
July 18, 2023 | 9:20 am
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NEUTRAL IMPACT
Celanese has been downgraded to Hold from Buy by Deutsche Bank, but the price target has been raised to $125 from $120.
The downgrade from Buy to Hold suggests that Deutsche Bank sees limited upside potential for Celanese in the short term. However, the increase in price target indicates that the bank still sees some potential for the stock's price to rise, albeit at a slower pace. This could lead to a neutral short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100