Piper Sandler lowered the firm’s price target on Celanese (CE) to $50 from $77 and keeps an Underweight rating on the shares. The firm cites Q4 and FY24 results, Q1 2025, Q2 2025 and FY25 guidance, its own channel checks and revisions in its macroeconomic outlook, which is taking a decidedly lower global and regional growth trajectory than its previous estimates.
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