Analysts are Downgrading These 5 Stocks

In this article, we discuss the 5 stocks recently downgraded by analysts. If you want to see some other stocks whose ratings were recently lowered by analysts, go directly to Analysts are Downgrading These 10 Stocks.

5. Huntsman Corporation (NYSE:HUN)

Number of Hedge Fund Holders: 34

RBC Capital lowered its ratings for Huntsman Corporation (NYSE:HUN) from “Outperform” to “Sector Perform” on Monday, September 19, 2022. The research firm was moved by the company’s recently revised Ebitda outlook.

Last week, Huntsman Corporation (NYSE:HUN) decreased its Q3 adjusted Ebitda guidance to a range of $260 – $280 million, significantly lower than its previous projection of $310 – $355 million.

Shares of Huntsman Corporation (NYSE:HUN) fell over three percent on Friday, September 16, following the disappointing forecast. The company blamed elevated energy costs in Europe and weak demand in certain segments for the revised outlook.