Baird analyst Ghansham Panjabi raised the firm’s price target on Celanese to $165 from $135 and keeps an Outperform rating on the shares. The firm said while a tough macroeconomic backdrop and simultaneous complexity of integrating the M&M assets challenged Celanese throughout 2023, strong execution and accelerated synergy extraction sums to considerable operating leverage towards even a mild macroeconomic driven volume inflection scenario.
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