Deutsche Bank Upgrades Celanese Stock: Analyst Highlights Strong Leverage, Long-Term Growth
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Deutsche Bank analyst David Begleiter has upgraded Celanese Corporation (CE) from Hold to Buy, while lowering the price target from $135 to $110. The analyst highlights strong leverage and long-term growth potential as reasons for the upgrade.
November 06, 2024 | 6:30 pm
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Deutsche Bank has upgraded Celanese Corporation to Buy, citing strong leverage and long-term growth potential. The price target has been adjusted to $110 from $135.
The upgrade from Hold to Buy by Deutsche Bank is a positive signal for Celanese, indicating confidence in its future performance. Although the price target was lowered, the focus on strong leverage and long-term growth suggests a positive outlook, likely leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100