Breaking Down Celanese: 11 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Analysts have recently evaluated Celanese (NYSE:CE), with a variety of opinions ranging from bullish to bearish. The average 12-month price target has decreased by 9.28% to $152.0. Analysts have lowered their ratings and price targets, reflecting challenges such as a decline in revenue and a high debt-to-equity ratio.
October 07, 2024 | 12:01 pm
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Celanese has seen a decrease in its average 12-month price target by 9.28% to $152.0, with analysts lowering their ratings. The company faces challenges such as a 5.15% decline in revenue and a high debt-to-equity ratio, impacting its financial outlook.
The decrease in the average price target and the lowering of ratings by multiple analysts indicate a negative sentiment towards Celanese's short-term performance. The company's revenue decline and high debt levels contribute to this outlook, suggesting potential downward pressure on the stock price.
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IMPORTANCE 80
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