Report
Seth Goldstein, CFA
EUR 101.80 For Business Accounts Only

Increasing Our FVE for Chemicals Producers on Revised Long-Term Outlook

We’re increasing our fair value estimates for Celanese, DowDuPont, and Eastman after revising our long-term outlook for each company. Our Celanese fair value increases to $88 per share from $68. Our DowDuPont fair value increases to $63 per share from $54, and our Eastman fair value increases to $91 per share from $77.
We’ve increased our margin outlook for the three chemicals producers to reflect a higher ratio between U.S. natural gas prices and Brent oil prices. All three firms benefit from t...
Underlying
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein, CFA

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch