Celanese price target raised to $155 from $146 at Barclays

Barclays analyst Michael Leithead raised the firm’s price target on Celanese to $155 from $146 and keeps an Overweight rating on the shares post the Q2 results. While Street sentiment has grown more cautious due to the stock’s year-to-date rally and weaker macro conditions, Celanese’s “self-help bridge” to 2024 earnings growth and deleveraging “remains underappreciated,” the analyst tells investors in a research note.