Mizuho has decided to maintain its Neutral rating of Celanese CE and lower its price target from $116.00 to $108.00.
Shares of Celanese are trading up 2.09% over the last 24 hours, at $94.33 per share.
A move to $108.00 would account for a 14.49% increase from the current share price.
Celanese is one of the world's largest producers of acetic acid and its downstream derivative chemicals, which are used in various end markets, including coatings and adhesives. The company also produces specialty polymers used in the automotive, electronics, medical, and consumer end markets as well as cellulose derivatives used in cigarette filters.
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