RBC Capital analyst Arun Viswanathan lowered the firm’s price target on Huntsman to $28 from $30 and keeps a Sector Perform rating on the shares. The analyst cites the company’s anticipated accelerated destocking in Q4 and continued weak demand, particularly in Europe/China. Viswanathan adds however that Huntsman remains poised to benefit from China reopening if Covid restrictions are lifted.
Published first on TheFly
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