Jefferies Upgrades Huntsman (HUN) to Buy

September 16, 2013 7:22 AM EDT
Get Alerts HUN Hot Sheet
Price: $25.24 -2.89%

Rating Summary:
    23 Buy, 6 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 26 | New: 11
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Jefferies upgraded Huntsman (NYSE: HUN) from Hold to Buy with a price target of $26.00 (from $20.00).

"Tailwinds into 2014-2015 (butane, new PO/MTBE JV, productivity, better FCF profile, EU footprint), recent relative performance and relative valuation support outperformance into 1H14 even with a neutral resolution on TiO2," analyst Laurence Alexander comments.

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 $19.27 yesterday.

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