UBS Maintains Buy on Celanese, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has reaffirmed a Buy rating on Celanese Corporation (NYSE:CE) and increased the price target from $169 to $170. This adjustment reflects a positive outlook on the company's stock, suggesting potential upside from its current trading level.
January 11, 2024 | 3:08 pm
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UBS analyst Joshua Spector has maintained a Buy rating on Celanese and raised the price target to $170, indicating a positive sentiment towards the company's future stock performance.
The increase in price target by a reputable analyst like Joshua Spector typically signals confidence in the company's prospects and can positively influence investor sentiment. As a result, this could lead to a short-term increase in the stock price as the market reacts to the new price target and Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100