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Deutsche Bank Upgrades Celanese Stock: Analyst Highlights Strong Leverage, Long-Term Growth
Wednesday, November 6, 2024 - 2:04pm | 370Deutsche Bank analyst David Begleiter upgraded Celanese Corporation (NYSE:CE) to Buy from Hold, lowering the price forecast to $110 from $135. Celanese reported third-quarter adjusted earnings per share of $2.44, missing analyst estimates of $2.85. The company reported sales of $2.65 billion,...
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Deutsche Bank Upgrades Albemarle On Lithium Earnings Potential
Tuesday, February 16, 2021 - 4:14pm | 156Albemarle Corporation (NYSE: ALB) is poised to benefit from a potential upturn in lithium earnings, according to Deutsche Bank. The Albemarle Analyst: David Begleiter upgraded Albemarle from Hold to Buy and raised the price target from $175 to $190. The Albemarle Thesis: Two new “world-...
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3 Reasons Why Praxair Was Upgraded By Deutsche Bank
Tuesday, December 19, 2017 - 11:37am | 440Industrial gas company Praxair, Inc. (NYSE: PX)'s accelerating volume, improved pricing discipline and M&A activity have earned the stock an upgrade, according to Deutsche Bank. The Analyst Deutsche Bank analyst David Begleiter upgraded the shares of Praxair from Hold to...
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PPG Industries Gets A Deutsche Bank Downgrade On Growth Concerns
Tuesday, October 11, 2016 - 10:48am | 315Deutsche Bank downgraded PPG Industries, Inc. (NYSE: PPG) to Hold from Buy and cut its price target by 18 percent to $100 following the company's pre-announced Q3 earnings. PPG expects Q3 EPS in the range of $1.54-$1.57, lower than consensus estimate of $1.71. The 8-10 percent earnings...
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Albemarle's Sale Of Surface Treatment Unit 'Furthers Compelling Lithium Growth Story'
Monday, June 20, 2016 - 2:01pm | 187Shares of Albemarle Corporation (NYSE: ALB) have traded up nearly 4 percent since the company announced on Friday a deal to sell its Surface Treatment unti to BASF for $3.2 billion. Deutsche Bank's David Begleiter voiced his praise for the deal and, in a research note Monday, said, the...
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Monsanto Moves Off Large M&A: Is The Stock Still A Buy?
Thursday, April 7, 2016 - 10:47am | 282Monsanto Company (NYSE: MON) announced its FQ2 earnings and 2016 guidance in line with the shortfall preannounced in March. Deutsche Bank’s David Begleiter maintained a Buy rating on the company, while lowering the price target from $105 to $100. Begleiter mentioned that management has...
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Dow Chemical, DuPont Shares Explode After 'Mother Of All' Merger Report
Wednesday, December 9, 2015 - 11:37am | 385Shares of Dow Chemical Co (NYSE: DOW) gained more than 11 percent on Wednesday while shares of E I Du Pont De Nemours And Co (NYSE: DD) also gained more than 11 percent. Media outlets reported the two companies are engaged in merger talks and then break up the combined entity into three...
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Who Wins From The Air Liquide-Airgas Combo?
Thursday, November 19, 2015 - 9:30am | 414Airgas, Inc. (NYSE: ARG) shares have spiked 46 percent in the last 5 trading days, and are trading close to their 52-week high of $139.22. Deutsche Bank’s David Begleiter maintained a Hold rating on Airgas, with a price target of $143. Begleiter believes that the acquisition of...
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Monsanto Considering Acquiring Syngenta? Here's Why A Deal Makes Sense
Wednesday, November 18, 2015 - 2:46pm | 524Media outlets reported on Tuesday that Monsanto Company (NYSE: MON) is considering a new bid to acquire rival Syngenta AG (ADR) (NYSE: SYT). Monsanto hosted its biennial investor event on Tuesday and Wednesday. Analysts at Macquarie and Deutsche Bank are both positive on agriculture consolidation...
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Why A DuPont Breakup Is Now 'Likely'
Tuesday, November 10, 2015 - 6:06pm | 453E I Du Pont De Nemours And Co (NYSE: DD) has named interim CEO Ed Breen as permanent chairman and CEO. Deutsche Bank believes that Mr. Breen will likely pursue a breakup of the company. A potential breakup would likely unlock value for shareholders and make DuPont’s seed business a...
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Why DuPont Will Ride The Agriculture Consolidation Wave
Wednesday, October 28, 2015 - 2:00pm | 400Deutsche Bank remains bullish on E I Du Pont De Nemours And Co (NYSE: DD) following Q3 earnings. The firm believes a new CEO and a wave of consolidation in the agriculture business will be positive catalysts for DuPont. Deutsche Bank’s SOTP analysis yields a $70 price target. In a new...
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Deutsche Bank Raises Price Target On PPG Industries
Friday, January 16, 2015 - 12:03pm | 166Deutsche Bank raised its price target on PPG Industries, Inc. (NYSE: PPG) Friday from $215 to $250 and reiterated its Buy rating. Analyst David Begleiter noted that “PPG had a solid Q4 release as EPS beat by $0.12, or 6 percent, on solid volume growth (+3.5 percent) led by Auto OEM (+6...
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Deutsche Bank Values Du Pont Shares At $85 Following Nelson Peltz Action
Friday, January 9, 2015 - 1:34pm | 268Deutsche Bank commented on E I Du Pont De Nemours And Co (NYSE: DD) Friday and maintained a Buy rating and $78 price target. Analysts led by David Begleiter noted that in “a highly expected and anticipated action, Trian Partners, controlled by activist investor, Nelson Peltz has nominated...
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UPDATE: Deutsche Bank Reiterates On Dow Chemical Co Following Investor Meeting
Friday, November 14, 2014 - 10:14am | 161In a report published Friday, Deutsche Bank analyst David Begleiter reiterated a Buy rating on Dow Chemical Co (NYSE: DOW), and raised the price target from $58.00 to $60.00. In the report, Deutsche Bank noted, “Dow's investor meeting met expectations with the announcement of a $5B share repurchase...
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UPDATE: Deutsche Bank Upgrades Dow Chemical Co
Thursday, October 23, 2014 - 9:10am | 244Deutsche Bank upgraded Dow Chemical Co (NYSE: DOW) from Hold to Buy and raised its price target from $57 to $58 in a report issued Thursday. The upgrade was made as analyst David Begleiter believed "the risk/reward is attractive...Dow shares are down 13 percent from their September high....