JP Morgan Downgrades Celanese to Neutral, Lowers Price Target to $122
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Jeffrey Zekauskas has downgraded Celanese (NYSE:CE) from Overweight to Neutral and lowered the price target from $135 to $122.
August 09, 2023 | 9:23 am
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Celanese has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $122.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Celanese. The lowered price target suggests that JP Morgan sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100