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UBS has lowered its price target for Celanese shares from $72 to $60, maintaining a neutral rating amid concerns over the company's earnings power and high debt levels. Despite a Q4 earnings beat, Celanese faces challenges, including a revenue shortfall and macroeconomic headwinds, prompting further downgrades from other analysts. The company is focusing on improving cash flow and addressing debt issues, with potential divestitures on the table.
Deutsche Bank has maintained a Buy rating on Celanese Corporation, anticipating a pivotal Q4 earnings report on February 18, which is expected to clarify the company's outlook under new CEO Scott Richardson. Despite a 47% decline in stock value over the past six months, analysts view the current trading price as attractive, with a P/E ratio of 7.26x, and foresee potential recovery in key markets. The company plans to reduce its quarterly dividend in early 2025 while focusing on cost management and operational excellence amidst ongoing macroeconomic challenges.
The Indian medical plastics market is projected to reach USD 38.20 billion by 2030, growing at a CAGR of 17.4% from 2025 to 2030, driven by increased healthcare spending and rising demand for medical devices. Rigid plastics dominate the market, holding over 70.9% of revenue in 2024, while soft plastics are expected to grow at the highest rate due to demand for various medical applications. However, challenges such as waste management and environmental concerns may hinder market growth.
Celanese Corporation has shifted its rating from buy to neutral by UBS. The company focuses on chemicals and specialty materials, with net sales primarily from acetyl products (55.7%) and high-performance engineering polymers (44.3%). Geographically, the largest markets are the United States (25.8%), Germany (22.6%), and China (17.8%).
Celanese Corporation has shifted its rating from buy to neutral by UBS. The company focuses on producing chemicals and specialty materials, with net sales primarily from acetyl products (55.7%) and high-performance engineering polymers (44.3%). Geographically, the largest markets include the United States (25.8%), Germany (22.6%), and China (17.8%).
Envestnet Portfolio Solutions Inc. increased its Celanese holdings by 45.8% in Q1, while SG Americas Securities LLC raised theirs by 229.3%. Analysts have downgraded Celanese's stock ratings, with UBS Group lowering its price target from $161 to $97, reflecting a consensus "Hold" rating among analysts. The company reported Q3 earnings of $2.44 per share, missing estimates, with revenue down 2.8% year-over-year.
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