JP Morgan Upgrades Celanese to Neutral, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekauskas has upgraded Celanese (NYSE:CE) from Underweight to Neutral while lowering the price target from $156 to $130.
August 05, 2024 | 10:46 am
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NEUTRAL IMPACT
JP Morgan analyst Jeffrey Zekauskas has upgraded Celanese from Underweight to Neutral and lowered the price target from $156 to $130.
The upgrade from Underweight to Neutral suggests a more positive outlook on Celanese, which could stabilize the stock price. However, the lowered price target indicates tempered expectations for future growth, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100