Market Overview

UPDATE: Jefferies Ups PT to $16 on Huntsman; Solid Q1

Share:

Jefferies increases its price target from $15 to $16 on Huntsman (NYSE: HUN) following a solid Q1, but reiterates its Hold rating on shares given that some factors may prove unsustainable.

Jefferies comments, "While Q1 was clearly a strong quarter, more than half of the operational beat came from a temporary spike in MTBE margins. That said, each segment was either in line or above our estimates. Taking into account the $0.35 beat, we are raising our 2012E EPS $0.35 to $1.90, and raising our 2013E $0.15 to $1.90."

HUN closed at $14.16 on Tuesday.

Posted-In: JefferiesAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

Related Articles (HUN)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→