Celanese Analysts Boost Their Forecasts After Upbeat Q1 Results
Strong earnings and sales beats generally lead to positive investor sentiment. Historical examples show similar outcomes, e.g., companies like Apple after earnings beats.
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Strong earnings and sales beats generally lead to positive investor sentiment. Historical examples show similar outcomes, e.g., companies like Apple after earnings beats.
What happened, with direct paths to the underlying reporting
Celanese's earnings of 57 cents beat expectations of 38 cents. Sales of $2.39 billion exceeded the $2.25 billion estimate. Second-quarter earnings guidance of $1.30 to $1.50 is promising. Wells Fargo raised its price target from $40 to $45. Keybanc raised its price target from $71 to $76.
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