KeyBanc Downgrades Huntsman (HUN) to Hold; Sidelined on International Concerns
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Price: $10.13 -0.3%
Rating Summary:
8 Buy, 17 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 17 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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KeyBanc downgraded Huntsman (NYSE: HUN) from Buy to Hold.
KeyBanc analyst said, "Modest improvements in U.S. housing and construction activity will help Huntsman results that are tied to this market. However, the Company's exposure to Europe and slowing growth rates in China coupled with its above average leverage will likely weigh on shares in the near term, limiting upside potential from the current price of about $13 per share. In addition, with our downward bias to earnings, which are now well below consensus, we would expect consensus estimates to come down over the next several weeks, again limiting upside in shares of HUN."
KeyBanc lowered Q2 EPS estimate from $0.57 to $0.51, FY12 from $1.95 to $1.85 and FY13 from $2.05 to $1.85.
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 $13.04 yesterday.
KeyBanc analyst said, "Modest improvements in U.S. housing and construction activity will help Huntsman results that are tied to this market. However, the Company's exposure to Europe and slowing growth rates in China coupled with its above average leverage will likely weigh on shares in the near term, limiting upside potential from the current price of about $13 per share. In addition, with our downward bias to earnings, which are now well below consensus, we would expect consensus estimates to come down over the next several weeks, again limiting upside in shares of HUN."
KeyBanc lowered Q2 EPS estimate from $0.57 to $0.51, FY12 from $1.95 to $1.85 and FY13 from $2.05 to $1.85.
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 $13.04 yesterday.
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