Analyst: This Chemical Stock Is Now a 'Buy'

Celanese Corp (NYSE:CE) stock is up 5.4% to trade at $44.65 at last glance, after the chemicals company was upgraded by Citigroup to "buy" from "neutral," to go with a price-target hike to $53 from $47. The analyst in coverage said Celanese is set to benefit from China's curbed coal production, auto builds improvements, and potential balance sheet support from divestitures.CE is pacing for its fifth-straight gain as it tests a slew of moving averages overhead, an area that roughly coincides with $50. The sh ...