Barclays analyst Michael Leithead raised the firm’s price target on Celanese to $170 from $151 and keeps an Overweight rating on the shares. The analyst still finds the Celanese story attractive, but notes the stock’s valuation has already priced in much of the “low-hanging fruit.” The company’s 2024 hinges on execution, the analyst tells investors in a research note.
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Read More on CE:
- Celanese price target raised by $15 at Citi, here’s why
- Celanese price target raised by $30 at Morgan Stanley, here’s why
- Piper Sandler upgrades Celanese to Neutral, raises price target to $135
- Celanese upgraded to Neutral from Underweight at Piper Sandler
- Celanese price target lowered to $124 from $132 at BofA
