Piper Sandler Downgrades Celanese to Underweight, Lowers Price Target to $112
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Charles Neivert has downgraded Celanese (NYSE:CE) from Neutral to Underweight and lowered the price target from $120 to $112.
August 29, 2023 | 9:14 am
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Celanese has been downgraded from Neutral to Underweight by Piper Sandler, with a reduced price target of $112.
The downgrade from Neutral to Underweight by Piper Sandler indicates a negative outlook for Celanese. The reduction in price target from $120 to $112 also suggests that the analyst believes the stock is overvalued at current levels. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100