Huntsman price target lowered to $25 from $26 at Wells Fargo

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https://www.tipranks.com/news/company-announcements/caledonia-mining-reports-revenue-growth-amid-rising-costs

Wells Fargo analyst Michael Sison lowered the firm’s price target on Huntsman (HUN) to $25 from $26 and keeps an Overweight rating on the shares. The firm believes Huntsman is trading on trough earnings, with strong leverage to a housing/construction recovery if/when it materializes. Wells sees potential midcycle EBITDA of $850M with its price target reflecting 7-times mid-cycle EBITDA.

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