NEW YORK (TheStreet) -- Huntsman (HUN) was upgraded to "conviction buy" status by analysts at Goldman Sachs (GS) who set the company's price target at $32.
The improved outlook is due to better margins and earnings visibility, and the price target represents a 19% upside to the company's previous closing price.
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TheStreet Ratings team rates HUNTSMAN CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HUNTSMAN CORP (HUN) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows: