Jefferies Lowers Huntsman (HUN) Price Target, Keeps Buy Rating

Huntsman Corporation (NYSE:HUN) is one of the 10 Best Small-Cap Stocks to Buy According to Billionaires. On June 16, Jefferies reduced its price target on Huntsman Corporation (NYSE:HUN) from $19 to $17 but kept a “Buy” rating.

The research firm cited continued weakness in the construction and automotive demand. This weakness is expected to keep affecting Huntsman Corporation’s (NYSE:HUN) sales volumes throughout the summer. Jefferies also pointed out that any seasonal increase in business has likely been muted.

Jefferies Lowers Huntsman (HUN) Price Target, Keeps Buy Rating

Workers in a chemical plant, creating the state-of-the-art organic chemical products.

As per Jefferies analysts, Huntsman Corporation’s (NYSE:HUN) second-quarter EBITDA is expected to be near the low end of the $60-$90 million range. Because of weaker-than-normal conditions expected in the second half of this year, the firm also lowered its 2025 EBITDA forecast for Huntsman Corporation (NYSE:HUN) by 13%.

The firm believes that a cyclical recovery for the company may be delayed until late 2026 or 2027. Despite lowering the price target, Jefferies analysts kept the Buy rating. This shows longer-term confidence in the company’s business prospects.

Huntsman Corporation (NYSE:HUN) is an American multinational manufacturer and marketer of differentiated and specialty chemicals. The company serves a wide range of consumers and industrial end markets.

While we acknowledge the potential of HUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HUN and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.