Huntsman edges lower as Citigroup downgrades

|About: Huntsman Corporation (HUN)|By:, SA News Editor

Huntsman (HUN -0.7%) is modestly lower after CItigroup downgraded shares to Neutral from Buy with a $30 price target, cut from $43, citing a lack of near-term catalysts for the next few quarters "in the backdrop of a well-telegraphed normalization in MDI profits."

Citi analyst P.J. Juvekar says he does not expect much growth in HUN's EBITDA for 2019 vs. 2018 amid higher raw material costs and weaker diphenylmethane diisocyanate demand conditions emerging in China.

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