Deutsche Bank Cuts Q2 and FY12 Estimates on Celanese (CE); Pricing and Demand Weakening
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Price: $47.54 +1.19%
Rating Summary:
15 Buy, 12 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 12 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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.
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.
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