Celanese Corporation (NYSE: CE) has faced a series of downgrades and reduced price targets from prominent financial institutions, reflecting growing concerns about the company's performance in a challenging global environment. Most recently, on 5 September, analysts at Piper Sandler downgraded Celanese from Overweight to Neutral, lowering the price target from $180 to $150.
Celanese is a global producer of specialty chemicals and material products that are involved in several end markets and for a wide range of applications globally. The company reported lower revenues and earnings per share in its recent Q2'24 results, with declines in both the Engineered Materials and Acetyl Chain businesses. Despite challenges, EBITDA grew 18% due to cost synergies, leading to ...
Celanese Corporation (NYSE:CE ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Bill Cunningham - VP of IR Lori Ryerkerk - Chairman of the Board and CEO Scott Richardson - COO Chuck Kyrish - CFO Conference Call Participants Josh Spector - UBS Mike Sison - Wells Fargo Mike Leithead - Barclays Jeff Zekauskas - JPMorgan Ghansham Panjabi - Baird Arun Viswanathan - R...
Fortune recently reported that mergers and acquisitions (M&A) activity is up 17% worldwide through the first half of 2024. Of this activity, 90% of the largest deals so far year-to-date were U.S. targets.
DALLAS--(BUSINESS WIRE)--Celanese Corporation Declares Quarterly Dividend of $0.70 Per Share.
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