Stock Track | Huntsman Plummets 5.07% Intraday Following JPMorgan Downgrade to Neutral on Valuation Concerns

Stock Track

02/20

Huntsman Corporation (HUN) saw its stock price plummet by 5.07% during intraday trading on Thursday. The sharp decline came amid a flurry of analyst activity focused on the chemical company.

The sell-off appears to have been triggered primarily by JPMorgan's decision to downgrade Huntsman to Neutral from Overweight. While the firm raised its price target to $14 from $11, it cited valuation as the reason for the downgrade. Other analysts also issued updates on Huntsman, with RBC Capital maintaining a Sector Perform rating and raising its price target, and UBS also adjusting its target upward while keeping a Neutral stance.

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The sharp decline came amid a flurry of analyst activity focused on the chemical company.</p><p>The sell-off appears to have been triggered primarily by JPMorgan's decision to downgrade Huntsman to Neutral from Overweight. While the firm raised its price target to $14 from $11, it cited valuation as the reason for the downgrade. 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