Jefferies Updates Huntsman Raises Estimate And PT To $21 (HUN)

Jefferies updates Huntsman HUN PT to $21 from $18 today and maintains a rating of Buy on the shares. In the report, Jefferies states, "Huntsman's significant operating leverage and cyclical exposure is magnified by financial leverage. With favorable earnings revisions likely and attractive relative value, we reiterate our Buy rating and raise our price target $3 to $21 (6x 2012E EBITDA)." Shares of Huntsman are currently trading at $17.86, up 1.3% from yesterday's close.