Instinet raised its price target on Celanese (NYSE: CE) to $88.00 (from $77.00) while maintaining a Neutral rating.

Analyst Aleksey Yefremov believes the current share price is discounting organic growth. Although Yefremov raises the PT he subsequently lowers FY 2017 EPS estimate from $7.26 to $7.21 and raises FY 2018 EPS estimate from $7.68 to $7.89