Citigroup Maintains Neutral on Celanese, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Cunningham maintains a Neutral rating on Celanese (NYSE:CE) and raises the price target from $123 to $130.

August 10, 2023 | 4:19 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Celanese and raises the price target from $123 to $130.
The news is directly related to Celanese. Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $123 to $130 suggests a positive outlook in the longer term. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100