Celanese price target raised to $130 from $120 at Baird

Baird analyst Ghansham Panjabi raised the firm’s price target on Celanese to $130 from $120 and keeps an Outperform rating on the shares. The analyst said we note that Celanese management has an outstanding execution track record, with the company well-equipped to deliver a self-improvement led valuation multiple expansion phase over the next 3+ years.