On Monday, Jefferies made adjustments to its outlook on Celanese Corporation (NYSE:CE), a global chemical and specialty materials company.
Analysts at the firm have reduced the price target on the company's stock to $70 from the previous target of $78, while maintaining a Hold rating on the shares.
The revision in the price target reflects a cautious stance on the company's near-term prospects, citing several industry challenges.
"We are lowering estimates again to reflect, primarily, choppy order patterns flagged by peers for packaging and durable goods this winter," the firm said.
Additionally, the recovery in construction and automotive end-markets is anticipated to be less robust than previously expected in the second half of 2025 through 2026.
The analysts' commentary highlighted the broader economic context influencing the decision, noting, "With the next cyclical peak likely around, or even past, the end of the decade, we expect investors to frame the risk/reward near-term in terms of trough and mid-cycle scenarios."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.