Wells Fargo analyst Michael Sison raised the firm’s price target on Celanese to $180 from $167 and keeps an Overweight rating on the shares. The firm says Celanese will finally deliver incremental double digits earnings growth in 2024, driven by Clear Lake, synergies from M&M and the work down of higher cost inventory with little help from volume.
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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
