
Celanese (NYSE:CE) Stock Price Down 5.2% Following Analyst Downgrade

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Celanese Corporation's stock (NYSE:CE) fell 5.2% after Jefferies Financial Group downgraded its price target from $47 to $43, maintaining a hold rating. The stock traded as low as $45.65, with a significant drop in trading volume. Other brokerages have also adjusted their ratings, with Zacks Research moving from hold to strong sell. Institutional investors own 98.87% of the stock, and Celanese reported Q2 earnings of $1.44 EPS, exceeding estimates. The company recently announced a quarterly dividend of $0.03 per share, yielding 0.3%.
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