Huntsman price target lowered to $27 from $29 at Deutsche Bank

Deutsche Bank analyst David Begleiter lowered the firm’s price target on Huntsman to $27 from $29 and keeps a Hold rating on the shares. The news is not all bad for Huntsman, as automotive and aerospace volumes are up year-over-year with further improvement expected in the second half of the year, the analyst tells investors in a research note. The firm noted, however, that amidst a challenging June quarter, it expects Huntsman’s Q2 EBITDA to be in the lower half of its $150M-$180M guidance range.