Celanese price target raised to $140 from $130 at Baird

Baird raised the firm’s price target on Celanese to $140 from $130 and keeps an Outperform rating on the shares. The firm said while the shares will remain sensitive towards how global macroeconomic fundamentals evolve, execution consistency and an extreme sense of urgency as it relates to cash flow maximization underscores Baird’s ongoing view that Celanese is in an execution groove.