Analyst Expectations For Celanese's Future
Portfolio Pulse from Benzinga Insights
Analysts have shown a negative shift in sentiment towards Celanese (NYSE:CE) with a decrease in the average 12-month price target by 10.09%. Recent ratings include a mix of 'Sell', 'Neutral', and 'Underperform', reflecting concerns over the company's financial performance, including a revenue decline and high debt-to-equity ratio.
October 29, 2024 | 4:01 pm
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Celanese (NYSE:CE) has experienced a negative shift in analyst sentiment, with a 10.09% decrease in the average 12-month price target. Recent ratings include 'Sell' and 'Underperform', indicating concerns over financial performance, such as a revenue decline and high debt levels.
The decrease in the average price target by 10.09% and the presence of 'Sell' and 'Underperform' ratings suggest a negative outlook from analysts. This is compounded by financial challenges such as a revenue decline and high debt-to-equity ratio, which are likely to impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100