Citigroup cuts target for Celanese stock to USD 58.00

Published on 10/02/2026 at 12:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Celanese raises material prices effective October 8, 2026. Celanese stock costs EUR 39.40 after EUR 39.31, plus 0.23 percent.

Luftaufnahme einer großen Spezialchemie-Produktionsanlage bei Sonnenuntergang in Irving Texas — Celanese Corp. Chemieanlagengelände in Irving Texas mit Destillationstürmen und Kühltürmen fotografiert US1510201049, Illustration mit AI erstellt.

Celanese Corporation (ISIN US1508701034) was trading at EUR 39.40 at Lang & Schwarz on October 2, 2026 at 12:40 p.m. CEST, while Citigroup cut its target from USD 60.00 to USD 58.00 and kept a Buy rating in a note dated September 30, 2026, as reported by MarketBeat. The target change puts valuation discipline ahead of the companys recent pricing actions.

Material prices rise in October

Celanese announced on September 24, 2026, that prices for ultra-high molecular weight polyethylene and polyoxymethylene engineered materials would increase for shipments on or after October 8, 2026, or as contracts allow, according to Celanese.

The listed increase reaches USD 0.30 per kilogram for selected products in Asia and for POM products in EMEA. The company also announced acetyl-chain increases on September 21, 2026, including USD 0.06 per pound for vinyl acetate monomer in the United States and Canada, according to Celanese.

Quarterly earnings set the baseline

For the second quarter of 2026, revenue was USD 2.75 billion, up 8.70 percent from the same quarter a year earlier. Earnings per share came in at USD 2.45 versus a USD 2.23 consensus estimate, while the company reported a net margin of minus 12.04 percent, MarketBeat reported. The earnings comparison is constructive on revenue and adjusted earnings, but the margin figure keeps profitability central to the stock story.

Target cut meets a lower price

Citigroups USD 58.00 target remains USD 5.27 below its previous USD 63.27 average target cited by MarketBeat on September 26, 2026, when 9 of 18 analysts rated the stock Buy, 7 Hold, 1 Sell and 1 Strong Buy. The current market capitalization was USD 4.8 billion as of October 1, 2026, while the company trades on the NYSE under ticker CE.

Celanese stock holds near EUR 39

Celanese stock was trading at EUR 39.40 at Lang & Schwarz on October 2, 2026 at 12:40 p.m. CEST, plus 0.23 percent versus the Lang & Schwarz prior close of EUR 39.31 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Celanese stock.