RBC Capital Cuts Celanese Price Target By 42% - Read Why


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


  • RBC Capital analyst Arun Viswanathan downgraded Celanese Corp (NYSE:CE) to Sector Perform from Outperform and lowered the price target to $116 (8% upside) from $200.
  • The analyst downgraded the ratings reflecting anticipated peak acetic/VAM prices, higher natural gas costs, and higher expected leverage.
  • Viswanathan mentions that according to IHS, North America Acetic and VAM contract prices are expected to peak in 2Q22-3Q22 at ~$1000/mt and ~$1600/mt, respectively, and decline roughly 15-20% into 2023. As a result, AC chain earnings at CE will likely wane in 2H22 and into 2023.
  • The analyst noted that higher energy costs, particularly natural gas in Europe and in CE's EM segment, will likely continue to put pressure on margins into 2H22 and 2023.
  • Viswanathan believes the stock is likely rangebound throughout the year as the market awaits stabilization and the M&M deal closing.
  • B of A Securities analyst Matthew DeYoe maintained Celanese with a Neutral rating and lowered the price target from $171 to $144 (34% upside).
  • Price Action: CE shares are trading lower by 3.77% at $107.45 on the last check Wednesday.
  • Photo Via Company

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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Posted In: Analyst ColorNewsDowngradesPrice TargetAnalyst RatingsBriefs