This Stock Plummeted Yesterday. Deutsche Bank Analysts Say It's Time to Buy
Key TakeawaysDeutsche Bank upgraded Celanese stock to "buy," saying yesterday's big selloff was overdone.The bank's analysts called the chemical supplier's problems "painful but transitory."The analysts called Celanese a "high-quality" company. Their price target calls for appreciation, but is below the Street's consensus. Shares of Celanese (CE) dropped 26% yesterday. At least one Wall Street analysts says it's time to get back on board. The chemical supplier's shares, which plummeted yesterday after a di ...