Gilford Securities Maintains Hold Rating on Celanese (Yesterday)

A report from Gilford Securities reiterates its Hold rating on Celanese CE. The report states, “We upgraded our rating on CE shares to HOLD six months ago, at $50.92. The stock has dropped by 9% since then, but we maintain for now our HOLD rating. Basically, we see the acetic acid fundamentals peaking in 2011, but upside elsewhere, meaning flat EPS in 2012.” CE closed yesterday at $45.96.