UPDATE: Nomura/Instinet Upgrades Huntsman (HUN) to Buy

(updated to add analyst comment)

Nomura/Instinet analyst Aleksey Yefremov upgraded Huntsman (NYSE: HUN) from Neutral to Buy with a price target of $30.00 (from $26.00).

The analyst comments "We like MDI cycle optionality, although its shape depends on Wanhua expansions in China. Strong spot MDI prices YTD in China limits downside in US and Europe. Better MTBE margins put HUN closer to 2019 guidance."

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 $24.75 yesterday.

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