UBS Downgrades Huntsman (HUN) to Neutral

UBS downgraded Huntsman (NYSE: HUN) from Buy to Neutral with an $18 price target.

"We are lowering our rating for HUN to Neutral based on our view that the company’s stock price has now approached fair valuation. The current excess return of negative 3% versus our $18 target price is consistent with a Neutral rating for the stock. We are increasing our target price to reflect an updated estimate of normal earnings to $1.70/sh from $1.50/sh."

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 $18.18 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Morgan Stanley course-corrects their semiconductor equipment outlook on demand
• Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'