Gilford Cuts Celanese (CE) from Hold to Sell
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Price: $45.66 +3.07%
Rating Summary:
15 Buy, 12 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 12 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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In Monday's after-hours session, Gilford Securities downgraded shares of Celanese (NYSE: CE) from Hold to Sell.
The firm cited the stock's extremely sharp 70 percent gain over the last nine months, "but not on upward earnings revision, just upward revaluation..." Gilford believes a slowdown in China could be unfolding for 2011, a development which could harm operations over the near-term.
For more ratings news on Celanese click here and for the rating history of Celanese click here.
The firm cited the stock's extremely sharp 70 percent gain over the last nine months, "but not on upward earnings revision, just upward revaluation..." Gilford believes a slowdown in China could be unfolding for 2011, a development which could harm operations over the near-term.
For more ratings news on Celanese click here and for the rating history of Celanese click here.
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