Celanese Corporation Reports Second Quarter Earnings; Increases 2017 Outlook

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Celanese (CE) PT Raised to $100 at UBS Following Solid 2Q Report

July 25, 2017 7:21 AM EDT

UBS raised its price target on Celanese (NYSE: CE) to $100.00 (from $95.00) while maintaining a Neutral rating. CE reported 2Q17 adjusted EPS of $1.79 vs consensus of $1.76. During the quarter CE announced a leveraged JV with Blackstone for cigarette filter fiber, and increased share repurchase... More