Jefferies Lowers Huntsman (HUN) Price Target, Keeps Buy Rating

Huntsman Corporation (NYSE:HUN) is one of the 10 Best Small-Cap Stocks to Buy According to Billionaires. On June 16, Jefferies reduced its price target on Huntsman Corporation (NYSE:HUN) from $19 to $17 but kept a “Buy” rating.

The research firm cited continued weakness in the construction and automotive demand. This weakness is expected to keep affecting Huntsman Corporation’s (NYSE:HUN) sales volumes throughout the summer. Jefferies also pointed out that any seasonal increase in business has likely been muted.

As per Jefferies analysts, Huntsman Corporation’s (NYSE:HUN) second-quarter EBITDA is expected to be near the low end of the $60-$90 million range. Because of weaker-than-normal conditions expected in the second half of this year, the firm also lowered its 2025 EBITDA forecast for Huntsman Corporation (NYSE:HUN) by 13%.

The firm believes that a cyclical recovery for the company may be delayed until late 2026 or 2027. Despite lowering the price target, Jefferies analysts kept the Buy rating. This shows longer-term confidence in the company’s business prospects.

Huntsman Corporation (NYSE:HUN) is an American multinational manufacturer and marketer of differentiated and specialty chemicals. The company serves a wide range of consumers and industrial end markets.

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Disclosure: None. This article is originally published at Insider Monkey.