5 Best Chemical Stocks To Buy Now

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In this article, we discuss 5 best chemical stocks to buy now. If you want to read about some more chemical stocks to buy now, go directly to 10 Best Chemical Stocks To Buy Now.

5. Huntsman Corporation (NYSE:HUN)

Number of Hedge Fund Holders: 34 

Huntsman Corporation (NYSE:HUN) manufactures and sells differentiated organic chemical products worldwide. It is one of the top chemical stocks to invest in. On August 9, the firm announced that it would be selling the Textile Effects division it owned to Archroma, a SK Capital Partners portfolio company, for a total enterprise value of $718 million. This includes the assumption of $125 million in net underfunded pension liabilities. Huntsman Corporation (NYSE:HUN) said the deal will be partially funded with preferred equity. 

On August 11, RBC Capital analyst Arun Viswanathan maintained an Outperform rating on Huntsman Corporation (NYSE:HUN) stock and raised the price target to $43 from $39, highlighting the underperforming sales but noting the valuation multiple should be higher. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Starboard Value LP is a leading shareholder in Huntsman Corporation (NYSE:HUN), with 8.3 million shares worth more than $235.6 million. 

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