Celanese: Celanese price target lowered to $52 from $58 at Citi

Citi lowered the firm's price target on Celanese ( CE ) to $52 from $58 and keeps a Neutral rating on the shares. President Trump's "Liberation Day" has created more uncertainty and risk to the downside for petrochemicals, the analyst tells investors in a research note. The firm says inflationary and trade impacts on key end markets like autos and construction, waning consumer sentiment, and delays in project spend are likely to lead to softness in demand. Looming retaliatory impacts could "severely impact" U.S. chemical exports, contends Citi. It took down Q1 estimates in the commodity chemicals group. Don't Miss Our End of Quarter Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>>