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Key Points Q4’24 EPS and EBITDA miss; midpoint of Q1'25 guidance below consensus Margin weakness observed across two of three segments (y-o-y). Polyurethane margins and volumes up y-o-y in Q4 We rate Huntsman...
Key Points Q4’24 EBITDA and EPS miss; higher EBITDA margins logged in every segment y-o-y Q1’25 guidance range above consensus levels We rate Trinseo shares Overweight; our 12-month target price is USD7 per...
Key Points Q4'24 EBITDA beat but slight EPS miss on lower pigment and zircon prices 2025 EBITDA guidance below consensus We rate Tronox shares Overweight; our 12-month target price is USD25 per share Summary Tronox...
Key Points We’re lowering our target price on shares of LHX post the firm’s 4Q earnings report but maintaining our Overweight rating on the shares. The 4Q report was mostly in line,...
Key Points U.S. natural gas and NGL oversupply will persist, limiting ethane price upside Normalization of frac spread would erode ethylene margins by 3.6c/lb., at most We rate our U.S. ethane-exposed names DOW...