UBS Downgrades Huntsman (HUN) to Neutral
Get Alerts HUN Hot Sheet
Price: $25.01 -1.11%
Rating Summary:
11 Buy, 15 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
Rating Summary:
11 Buy, 15 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
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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.
"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.
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