Celanese's H2 Guide Appears Conservative, RBC Says
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Celanese's H2 guidance appears conservative, with RBC Capital Markets noting potential headwinds in its engineered materials business due to inventory drawdowns. The company's H2 EPS guidance of approximately $3.00 may fall short of expectations, while Q2 guidance of about $2.20 is seen as positive. Despite subdued overall demand, there are strengths in specific sectors. RBC has raised its price target to $68 per share from $66, maintaining a sector perform rating. Current stock price is $59.43, up 3.95%.
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