RBC Capital analyst Arun Viswanathan lowered the firm’s price target on Huntsman to $30 from $33 and keeps a Sector Perform rating on the shares. The analyst cites the company’s Q4 earnings miss and below-consensus Q1 guidance, also noting that demand "remains weak". The firm adds however that it could turn more constructive should fundamentals and the Chinese economy improve in the second half of the year.
Published first on TheFly
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Read More on HUN:
- Huntsman price target lowered to $31 from $33 at Deutsche Bank
- Huntsman downgraded to Hold from Buy at Vertical Research
- Huntsman reports Q4 adjusted EPS 4c, consensus 10c
- Huntsman Announces Fourth Quarter 2022 Earnings; Approximately $1.2 Billion in Buybacks and Dividends in 2022; Huntsman Board Approves 12% Dividend Increase
- Huntsman announces 12% increase in Q1 2023 dividend
