Professional
Added to YB: 2025-01-15
Pitch date: 2025-01-14
CE [bullish]
Celanese Corporation
-11.13%
current return
Author Info
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Company Info
Celanese Corporation produces and sells engineered polymers worldwide. It operates through Engineered Materials and Acetyl Chain segments.
Market Cap
$5.6B
Pitch Price
$71.78
Price Target
88.00 (+38%)
Dividend
0.23%
EV/EBITDA
9.76
P/E
-4.90
EV/Sales
1.85
Sector
Chemicals
Category
turnaround
Show full summary:
Bank of America Upgrades Celanese to Buy with $88 Price Target
CE: BofA double-upgrade to Buy, $88 PT. Acetyls bottoming, demand recovery expected, manageable leverage, attractive valuation (7.2x EV/EBITDA, 7.1x P/E on '25 est). Potential for corrective actions to restore investor confidence. Risks not mentioned.
Read full article (1 min)