Baird lowered the firm’s price target on Celanese (CE) to $67 from $110 and keeps an Outperform rating on the shares. The firm updated its model following Q4 results as the company battles the downturn. Baird believes asset sales would be a catalyst.
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Read More on CE:
- Celanese downgraded to Sector Perform from Outperform at RBC Capital
- Deutsche Bank cuts Celanese target, says selloff overdone
- Celanese Reports Challenging 2024 with Strategic Adjustments
- Celanese’s Earnings Call: Cost Cuts and Strategic Moves
- Celanese price target lowered to $46 from $73 at BMO Capital
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