Celanese Corp Class A
CE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$751.00 | Ttvgwh | Spmpxgvkt |
Celanese Earnings: Volume Decline Weighs on Profits, but Cost Reductions Should Boost 2024 Outlook
Celanese's third quarter showed mixed results that changed our 2023 and 2024 outlooks. Having updated our model for lower 2023 results and higher 2024 results versus our prior forecast, we maintain our Celanese fair value estimate of $160 per share. Our narrow moat rating is unchanged.