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This Stock Plummeted Yesterday. Deutsche Bank Analysts Say It's Time to Buy
CECelanese(CE) Investopedia·2024-11-07 00:21

Key TakeawaysDeutsche Bank upgraded Celanese stock to "buy," saying yesterday's big selloff was overdone.The bank's analysts called the chemical supplier's problems "painful but transitory."The analysts called Celanese a "high-quality" company. Their price target calls for appreciation, but is below the Street's consensus. Shares of Celanese (CE) dropped 26% yesterday. At least one Wall Street analysts says it's time to get back on board. The chemical supplier's shares, which plummeted yesterday after a di ...