Stock Track | Celanese Soars 6.85% in Pre-market as Mizuho Raises Price Target Despite Downbeat Q4 Earnings

Stock Track02-18

Celanese's stock surged 6.85% during pre-market trading on Wednesday, indicating strong early investor interest.

The pre-market rally follows Mizuho's decision to raise its price target for Celanese to $55 from $45. Additionally, the company reported its fourth-quarter results, which included downbeat earnings. However, the market reacted positively to the company's forward-looking guidance, as Celanese provided an optimistic outlook for the first quarter with projected adjusted earnings between 70 cents and 85 cents per share.

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