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Celanese (CE -4%) shares are downgraded to Market Perform with a $44-$46 range at Wells Fargo,...

Celanese (CE -4%) shares are downgraded to Market Perform with a $44-$46 range at Wells Fargo, which cites CE's product update. While the firm is "impressed with the technology and the favorable position it provides CE in the long term," it says near-term challenges, driven in large part by unfavorable macros, leads it to trim 2012 and 2013 EPS estimates.
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