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Celanese Corporation (CE) [hlAlert]

up 43.60 %

Celanese Corporation (CE) rated Overweight with price target $55 by HSBC Securities

Posted on: Monday,  May 12, 2008  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Celanese Corporation (NYSE: CE) on 05/12/2008. Previously HSBC Securities rated Buy Celanese Corporation (NYSE: CE) on 07/09/2007.,
when the stock price was $41.30. Since then, Celanese Corporation has gained 43.61% as of 01/27/2016's recent price of $59.31.
If you would have followed the previous HSBC Securities's recommendation on CE, you would have gained 43.6% of your investment in 3124 days.

Celanese Corporation (Celanese) is an integrated producer of chemicals and advanced materials. It is a producer of acetyl products, which are intermediate chemicals for many industries, as well as a global producer of high performance engineered polymers that are used in a variety of end-use applications. Celanese operates principally through four business segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. Advanced Engineered Materials segment develops, produces and supplies a portfolio of high performance technical polymers. Consumer Specialties segment consists of its Acetate Products and Nutrinova businesses. Its Industrial Specialties segment includes its emulsions and AT Plastics businesses. Acetyl Intermediates segment produces and supplies acetyl products. In July 2009, the Company completed the sale of its polyvinyl alcohol business to Sekisui Chemical Co. Ltd.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/12/2008 8:25 AM Buy
46.78 55.00
as of 12/24/2008
1 Week up  4.67 %
1 Month up  40.15 %
3 Months up  54.02 %
1 YTD down  -52.00 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/5/2007 9:25 AM Buy
41.80 48.00
7/9/2007 9:25 AM Buy
41.30 45.00

(*) Stock Price at the time of the recommendation.
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