BMO Capital upgraded
Celanese Corporation (CE), causing share prices to surge, citing factors such as improved macro outlook. Celanese revealed a new dividend policy and reported Q1 2025 earnings, highlighting strategic initiatives and challenges. Meanwhile, mixed opinions surfaced about Celanese's valuation and insider trading in March.
Jim Cramer voiced dissatisfaction with their current performance. Despite a major dividend cut and stock plunge tied to a dismal outlook, CE introduced a revolutionary AI system and executed a strategic debt restructuring plan of $2.6B. CE made plans to divest its
Micromax business to alleviate debt and generate cash, despite facing a securities fraud investigation. The latter quarter did not fare better, with earnings missing estimates and causing a stock plunge despite upbeat Q1 results. CE plans to overhaul VAM product pricing and made cash tender offers for senior notes. Specific price target adjustments from esteemed financial institutions were seen as significant, with news of a return of their former COO, Scott Richardson, named as the next CEO during a period of strategic transition.
Celanese Corporation CE News Analytics from Tue, 05 Nov 2024 08:00:00 GMT to Sat, 24 May 2025 01:36:43 GMT -
Rating -2
- Innovation 2
- Information 0
- Rumor -5
