Huntsman Likely To Post Sharp Decline In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Huntsman Corporation HUN is expected to report its second-quarter financial results, after the closing bell on July 31, 2023.

Analysts expect the company to post quarterly earnings at 30 cents per share, down sharply from year-ago earnings of $1.28 per share. The company’s revenue might come in at $1.7 billion.

Huntsman shares rose 2.1% to close at $29.74 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wells Fargo analyst Michael Sison maintained an Equal-Weight rating and cut the price target from $31 to $29 on April 17, 2023. This analyst has an accuracy rate of 69%.
• Deutsche Bank analyst David Begleiter downgraded the stock from Buy to Hold and raised the price target from $31 to $33 on Jan. 17, 2023. This analyst has an accuracy rate of 76%.
• UBS analyst Joshua Spector maintained a Neutral rating and raised the price target from $27 to $32 on Jan. 11, 2023. This analyst has an accuracy rate of 70%.
• Scotiabank analyst Ben Isaacson downgraded the stock from Sector Outperform to Sector Perform and cut the price target from $36 to $30 on Nov. 7, 2022. This analyst has an accuracy rate of 70%.
• Seaport Global analyst Michael Harrison downgraded the stock from Buy to Neutral on Oct. 13, 2022. This analyst has an accuracy rate of 74%.

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