Huntsman Updates Third Quarter 2022 Outlook

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Go back to Huntsman Updates Third Quarter 2022 Outlook

Huntsman (HUN) Shares Downgraded on Slowing Demand in China and the US

September 20, 2022 4:22 PM EDT

Shares of Huntsman (NYSE: HUN) were downgraded, and its price targets was cut by analysts at Wells Fargo and JPMorgan on Tuesday.

The downgrades and cuts follow the company's re-announced third-quarter earnings, reported last week.

JPMorgan analyst Jeffrey Zekauskas downgraded Huntsman to Underweight from Neutral, lowering the price target to $25 from $30 per share.

Zekauskas said the company reported that volumes are contracting in Europe, little if any demand growth from August... More