Celanese Corporation Reports Third Quarter Earnings
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Deutsche Bank Upgrades Celanese (CE) to Buy
November 6, 2024 4:53 AM ESTDeutsche Bank analyst David Begleiter upgraded Celanese (NYSE: CE) from Hold to Buy with a price target of $110.00 (from $135.00).
The analyst comments "We are upgrading Celanese to Buy from Hold following the shares' 26% decline post its Q3 earnings release. The reasons for our upgrade are as follows: 1) It was not a surprise Celanese missed Q3 and guided Q4 below consensus as the drivers of the shortfalls - a rapid slowdown in Western Hemisphere automotive and industrial markets, with the European auto sector particularly affected, and weak demand in paints, coatings and... More
Celanese Corp. (CE) Misses Q3 EPS by 41c, Misses on Revenue
November 4, 2024 4:14 PM ESTCelanese Corp. (NYSE: CE) reported Q3 EPS of $2.44, $0.41 worse than the analyst estimate of $2.85. Revenue for the quarter came in at $2.65 billion versus the consensus estimate of $2.7 billion.
For earnings history and earnings-related data on Celanese Corp. (CE) click here.
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