Citi Maintains CE Buy Rating

Citi has issued a report maintaining Celanese Corp's CE Buy Rating. According to Citi, "Our top pick, CE, continues to post good top and bottom line growth without significant contribution from shale gas or propylene-to-propane spread. Its advantage is based on natural hedging of feedstocks through its joint venture Ibn Sina in the Middle East (incorporated in AEM earnings), 30% China exposure and low cost manufacturing technology (AOPlus2 for acetic)." CE has a $53.00 Price Target and closed at $43.00 yesterday.