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

July 2, 2012 9:06 AM EDT Send to a Friend
Get Alerts HUN Hot Sheet
Price: $23.04 -1.12%

Rating Summary:
    11 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 36 | Down: 17 | New: 30
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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.


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