From None: 2024-11-11 08:04:00

BMO Capital analysts downgrade Celanese (NYSE:CE) from Market Perform to Underperform, citing concerns over the company’s financial outlook following the acquisition of the M&M business. The price target on the stock was lowered from $138.00 to $76.00 due to increased debt, market conditions, and potential risks to 2025 financial projections.

The highly leveraged acquisition of the Mobility & Materials business has increased Celanese’s debt and raised concerns about the company’s risk-reward balance for equity holders. With rising capacity in key markets and a weaker macroeconomic environment, BMO Capital analysts believe that prioritizing debt obligations over equity returns will further pressure shareholder value.



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