Wells Fargo analyst Michael Sison reiterated a Hold rating on Huntsman yesterday and set a price target of $9.00. The company’s shares closed yesterday at $8.19.
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Sison covers the Basic Materials sector, focusing on stocks such as Dow Inc, Albemarle, and Eastman Chemical. According to TipRanks, Sison has an average return of -3.1% and a 38.84% success rate on recommended stocks.
In addition to Wells Fargo, Huntsman also received a Hold from RBC Capital’s Arun Viswanathan in a report issued yesterday. However, on October 13, Bank of America Securities downgraded Huntsman (NYSE: HUN) to a Sell.
Based on Huntsman’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.46 billion and a GAAP net loss of $158 million. In comparison, last year the company earned a revenue of $1.57 billion and had a net profit of $22 million
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