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
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Price: $24.92 --0%

Rating Summary:
    10 Buy, 3 Hold, 0 Sell

Rating Trend: Down Down

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    Up: 0 | Down: 0 | New: 0
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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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