Celanese Corp CE:NYSE

Last Price$99.01Cboe Real-Time Last Sale as of 11:29AM ET 8/07/20
Cboe Real-Time Quotes
Realtime quote and/or trade prices are not sourced from all markets
Today's Change+0.04(0.04%)
Bid (Size)$98.75 (132)
Ask (Size)$99.02 (2)
Day Low / High$98.12 - 99.32
Volume157.9 K

Research Alert: CFRA Raises Opinion On Materials To Marketweight From Underweight

9:40AM ET 11/04/2019 MT Newswires
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raised our recommended exposure to the S&P 500 Materials sector to marketweight from underweight. We see the sector benefiting from economic implications from the better-than-expected October jobs report as well as the prospects for the signing of the "phase one" trade accord with China. The sector is projected to post a near-13% increase in operating EPS in 2020, as compared with the 17% decline forecast for 2019, and trades at a 2020 relative P/E that is equal to the broader market's. The group has an above-average percentage of constituents with favorable investment recommendations. Finally, the financial sector's relative strength has begun to improve relative to the S&P 500.