UPDATE: J.P. Morgan Lowers PT on Huntsman Corporation from $20 to $14
J.P. Morgan has published a report on Huntsman Corporation (NYSE: HUN) lowering the price target $6.
In the report J.P. Morgan wrote, "Huntsman shares declined ($5.49) yesterday or (31%) following the company's reporting 2Q:11 results that fell $0.01 shy of Consensus. The decline in Huntsman shares probably speaks more to apprehensions among investors at prospects of economic weakness, and therefore an immediate preference for less cyclical entities, than it does to any company-specific factor."
J.P. Morgan rated Huntsman Corporation a Neutral with a price target lowered from $20.00 to $14.00. Huntsman Corporation closed Thursday at $12.50.
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