Wells Fargo cuts Huntsman stock price target on weak construction demand
Wells Fargo reduced its price target for Huntsman (NYSE:HUN) to $9.00 from $11.00, citing weak construction demand and margin pressures. The stock trades at $8.84, below InvestingPro’s Fair Value of $10.58. Wells Fargo maintained its Q3 2026 EBITDA estimate at $115 million but lowered its 2026 and 2027 EBITDA estimates. Huntsman's Q2 2026 earnings beat expectations, but its stock declined due to leverage concerns.
How this was made
The 30-second read
Why it matters
The downgrade may trigger short-term selling, though earnings beat provides some support.
Market read
Analyst price target reduction is the primary new information, offering a clear trading signal for Huntsman.
What to watch
Recent earnings beat and pricing actions in polyurethanes could offset demand concerns.
Background
Wells Fargo maintains earnings estimates but reduces price target due to margin pressure and weak construction demand.
Ticker impact
Wells Fargo cut Huntsman's price target to $9.00 from $11.00 citing weak construction demand and margin pressure.
downward pressure as the market prices in the reduced target
Target cut is a fresh analyst action that typically leads to short-term sell pressure.
Market effects
Potentially negative for specialty chemicals sector as construction demand weakness may affect peers.
Limited to U.S. listed specialty chemicals exposure.
Modest; reflects broader construction slowdown concerns.
Counterpoint
If construction demand rebounds faster than expected, the target cut may be premature.
Key entities
- analystWells Fargo
Equity research firm issuing the price target cut.
- companyHuntsman Corp.
Specialty chemicals manufacturer subject of the analyst downgrade.
