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deutsche bank maintains buy rating on celanese ahead of pivotal earnings report

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.
Investing.com South Africa
Celanese Corporation Deutsche Bank RV Global PP Trane Technologies plc USA DEU Christopher Kuehne Scott Richardson Edward Galante Todd Elliott Show more
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