Chemicals maker Huntsman falls after BofA downgrades to 'neutral'

Huntsman

15/04/2025 16:34

** Brokerage BofA Global Research downgrades chemicals maker Huntsman's HUN.N shares to "neutral" from "buy", cuts PT to $15 from $22

** Lowered PT still implies 12.2% upside to stock's last close

** Huntsman's shares fall 4.5% to $13.10

** Brokerage says it is reducing earnings estimates for HUN due to its exposure to cyclical end-markets such as construction, automotive, and apparel

** BofA notes tariffs are a positive for Huntsman's U.S. MDI business, but negative for rest of the company's business, particularly in Asia

** Including session's moves, HUN stock down 26.8% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))