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UPDATE: Dahlman Rose Downgrades Celanese Corporation to Hold

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Earnings Scheduled For July 16, 2015
Benzinga's Top Downgrades

In a report published Wednesday, Dahlman Rose & Co. downgraded its rating on Celanese Corporation (NYSE: CE) from Buy to Hold.

Dahlman Rose noted, “CE reported adjusted EPS of $1.47/share that beat the $1.40/share consensus due mostly to better-than-expected affiliate earnings. The acetyl market remained challenged and the Singapore facility remains offline indefinitely. Despite this situation, CE can supply its own and customer needs on the reduced production. While margins may improve over the next quarter or two, we see the incremental improvement as slight and not enough to bring Singapore back into service.”

Celanese Corporation closed on Tuesday at $39.10.

Latest Ratings for CE

DateFirmActionFromTo
Jul 2015BarclaysMaintainsOverweight
Jul 2015UBSDowngradesBuyNeutral
Apr 2015CitigroupMaintainsNeutral

View More Analyst Ratings for CE
View the Latest Analyst Ratings

Posted-In: Dahlman Rose & Co.Analyst Color Downgrades Analyst Ratings

 

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