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institutional investors increase stakes in celanese amid mixed analyst ratings

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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Celanese Corporation USA Scott A. Richardson
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14:02 11.11.2024
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