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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Read More on CE:
- Celanese Corp Q4 and Full Year 2023 Financial Results Webcast
- Celanese Corp Enhances Financial Flexibility and Borrowing Capacity
- Celanese sees Q1 adjusted EPS $1.75-$2.00, consensus $2.53
- Celanese reports Q4 adjusted EPS $2.24, consensus $2.31
- Celanese Corp Announces Jean Blackwell’s Retirement from Board
