RBC Capital has
cut Celanese Corporation's (CE) price target due to inventory pressures. The company is navigating industry obstacles whilst assessing recovery paths amid weaker H2 demand signs. After a surprising earnings release resulting in a stock dip, the
valuation is under scrutiny. It's speculated that the Q2 earnings will be lower, triggering concerns among investors. Meanwhile,
Howard G. Smith's law firm opens a securities fraud investigation into the corporation. After the Q2 earnings call, the stock extended losses due to the weak outlook. Investors are closely watching the company's actions as it enters
deep value territory. The company has sought to alleviate concerns by announcing a new $1.75 billion revolving credit facility. However, even high profile analysts like
Jim Cramer have expressed dissatisfaction with the company's performance. In amidst turbulence, the corporation has showed
resilience and potential on its margins. Celanese has been identified as a potential buy among insiders, despite significant stock selloffs. Meanwhile, the announcement of their
upcoming dividend payment is attracting attention despite signs of slow growth. Overall, the company is facing multiple challenges and investors will be watching upcoming earnings and valuation closely.
Celanese Corporation CE News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Fri, 29 Aug 2025 21:22:00 GMT -
Rating -4
- Innovation 2
- Information 6
- Rumor -3
