Huntsman weakness a buying opportunity, says UBS UBS said the recent weakness in Huntsman is due to temporary issues at its Port Neches facility and is not fundamental. The company noted that business fundamentals remain solid and the strength picked up in the latter half of Q2 is continuing in Q3. Shares are Buy rated with a $32 price target.
JPMorgan to hold a conference Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
Huntsman downgraded to Neutral from Buy at Citigroup Citigroup downgraded Huntsman to Neutral citing a lack of catalysts amid a delayed TiO2 recovery, unfavorable currency moves and cash charges limiting free cash flow generation. Citi lowered its price target for shares to $25 from $31 following Huntsman's Q4 results.