UPDATE: Jefferies Reiterates on Celanese Corporation on Expected Debate Shift Heading Into 2014

In a report published Tuesday, Jefferies analyst Laurence Alexander reiterated a Buy rating on

, and raised the price target from $62.00 to $72.00. In the report, Jefferies noted, “Heading into 2014, we expect the debate to shift from EPS revisions (likely troughing in 2H13) to FCF generation and deployment (particularly in 2015-2016). We reiterate our Buy rating. EPS was $0.05 above consensus and $0.03 above our estimate. Segment income was $0.05 above our estimate: -$0.01 in AEM; -$0.01 in CS; +$0.03 in IS; -$0.04 in AI; +$0.05 in Other Activities.” Celanese Corporation closed on Monday at $57.16.