Celanese upgraded to Buy at Goldman Sachs

|About: Celanese Corporation (CE)|By:, SA News Editor

Celanese (CE +3.3%) is upgraded to Buy from Neutral with a $92 price target, raised from $83, at Goldman Sachs, which believes the specialty chemicals company is poised to outperform given continued strong execution by management with focus on mix improvement, strong cash flow generation and shareholder friendly deployment.

Earlier this week, CE was reported to be engaged in advanced talks with Israeli nylon fiber producer Nilit for the acquisition of its plastics operations, in a deal that would be worth ~233M.