Jefferies Assumes Huntsman (HUN) at Buy

Jefferies analyst Daniel Rizzo assumes coverage on Huntsman (NYSE: HUN) with a Buy rating and a price target of $12.00.

The analyst comments "Q3 EPS was in line with our estimate, but $0.03 below consensus. Q4 EBITDA is pegged at $60-80m (consensus $72m). Housing weakness, elevated European energy costs, and sluggish Chinese domestic demand will likely delay a broadbased demand rebound. Price hikes, cost cuts, and improved mix will bolster EBITDA despite the soft environment. The merger with Olin is expected to close in 1Q27. Transferring lead coverage to Daniel Rizzo."

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 $9.95 yesterday.

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