Celanese Corporation (CE) has been creating fluctuating results on the trading floor. Despite occasional outperformance compared to competitors, overall performance exhibits underperformance and pressure from demand challenges. Investment in Celanese has remained strong, with several high-profile firms like Sanctuary Advisors and Marshall Wace investing millions. Analysts from KeyCorp and Piper Sandler have voiced concerns regarding near-term demand and global weakness, resulting in price target revisions and downgrades. KeyCorp also highlighted potential challenges in their Q3 Earnings prediction for 2024. Recent Q2 Earnings fell short of estimates, which could be attributed to the ongoing supply chain disruptions that forced a declaration of Force Majeure. Aside from regular trading challenges, there are also concerns regarding Celanese's increasing debt burden and subsequent lowering of their 2024 earnings forecast. However, thereβs optimism around acetyl chain business with achieved milestones and resolved Force Majeure on Acetic Acid and VAM. Meanwhile, the corporation has made strategic moves within its management team with the addition of experienced industry leaders to its board.
Celanese Corporation CE News Analytics from Sat, 03 Oct 2020 17:02:25 GMT to Fri, 11 Oct 2024 21:16:00 GMT -
Rating -3
- Innovation -2
- Information 5
- Rumor -2
