Wells Fargo Maintains Overweight Rating for Celanese: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for Celanese (NYSE:CE) and increased its price target from $167.00 to $180.00. Celanese's shares have seen a slight increase of 0.05% in the last 24 hours, trading at $150.45. The new price target suggests a potential upside of 19.64%. Celanese is a leading producer of acetic acid, specialty polymers, and cellulose derivatives, serving various end markets.
February 22, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo maintains Overweight rating on Celanese, raising price target from $167 to $180. Shares trade at $150.45, with a potential 19.64% upside.
The maintenance of an Overweight rating combined with an increased price target by a reputable financial institution like Wells Fargo is a strong positive signal for investors. It suggests confidence in Celanese's future performance and growth potential, likely leading to increased investor interest and potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100