UPDATE: Jefferies Upgrades Huntsman on Multiple Positive Factors
In a report published Monday, Jefferies analyst Laurence Alexander upgraded the rating on Huntsman Corporation (NYSE: HUN) from Hold to Buy, and raised the price target from $20.00 to $26.00.
In the report, Jefferies noted, “Tailwinds into 2014-2015 (butane, new PO/MTBE JV, productivity, better FCF profile, EU footprint), recent relative performance and relative valuation support outperformance into 1H14 even with a neutral resolution on TiO2. We are raising Huntsman to Buy from Hold with a $26 price target.”
Huntsman Corporation closed on Friday at $19.27.
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