Wells Fargo Maintains Overweight Rating for Celanese: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of Celanese CE and raise its price target from $167.00 to $180.00.

Shares of Celanese are trading up 0.05% over the last 24 hours, at $150.45 per share.

A move to $180.00 would account for a 19.64% increase from the current share price.

About Celanese

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 is also one of the largest producers of specialty polymers, which are used in the automotive, electronics, medical, building, and consumer end markets. The company also makes cellulose derivatives used in cigarette filters.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.