Market Overview

UPDATE: Jefferies Raises PT on Celanese Corporation on Strong Q1 Results


In a report published Monday, Jefferies analyst Laurence Alexander reiterated a Buy rating on Celanese Corporation (NYSE: CE), and raised the price target from $56.00 to $60.00.

In the report, Alexander noted, “The strong Q1 results in a difficult environment suggest that the productivity thesis for Celanese is gathering momentum 2-4 quarters earlier than we expected. Coupled with TCX starting to contribute to earnings in 2H13, this suggests Celanese could enter a period of outperformance even in the absence of a stronger cyclical recovery. We are raising 2013E $0.20 to $4.60 and 2014E $0.15 to $5.50.”

Celanese Corporation closed on Friday at $47.10

Latest Ratings for CE

Nov 2020Morgan StanleyMaintainsEqual-Weight
Oct 2020BMO CapitalMaintainsMarket Perform
Oct 2020ScotiaBankDowngradesSector OutperformSector Perform

View More Analyst Ratings for CE
View the Latest Analyst Ratings


Related Articles (CE)

View Comments and Join the Discussion!

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

Latest Ratings

HYMCBMO CapitalInitiates Coverage On
DEMorgan StanleyMaintains335.0
SBNYRaymond JamesMaintains138.0
CORTHC Wainwright & Co.Maintains32.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at