Jefferies Reiterates a 'Hold' on Huntsman (HUN); Cutting Estimates and PT as Outlook More Tempered

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Jefferies reiterates a 'Hold' on Huntsman (NYSE: HUN) price target of $14.50 (from $16.00).

Analyst, Laurence Alexander, said, "A more tempered stance on 2H12-2013, particularly in Pigments, appears likely when Huntsman reports Q2 results. We expect 2012 consensus to migrate towards our $1.90 estimate, and we are lowering 2013E $0.10 to $1.80, with the growth mix shifting towards Advanced Materials and Polyurethanes in 2013-2015."

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

Shares of Huntsman closed at $12.94 yesterday, with a 52 week range of $8.13-$20.36.

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