Deutsche Bank Cuts Q2 and FY12 Estimates on Celanese (CE); Pricing and Demand Weakening

Article Stock Quotes (1) Comments (0)

Deutsche Bank maintains a 'Buy' on Celanese (NYSE: CE) price target of $60.00.

Deutsche analyst said, "We are trimming our Q2 and 2H12 EPS estimates for Celanese to reflect weak acetyls trends in June (particularly in Asia) and a slightly more cautious view of demand trends in the back half of the year."

Q2 cut from $1.45 to $1.37, FY12 from $4.35 to $4.25.

For an analyst ratings summary and ratings history on Celanese click here. For more ratings news on Celanese click here.

Shares of Celanese closed at $34.62 yesterday, with a 52 week range of $29.43-$58.68.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
• UPDATE: Howard Weil Upgrades LINN Energy (LINE) to Outperform
• Madison Square Garden (MSG) is a Stock to Own on Sport Team Value and Hidden Value of The Garden - Needham & Company

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities

Deutsche Bank

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?