Huntsman Corporation (NYSE: HUN) is expecting 3Q earnings to be reported similarly to the solid results from 2Q2010, according to Goldman Sachs.
Surprisingly, however, Huntsman's largest segment, polyurethanes, has been disappointing despite earnings this year that have continued to show up the upside, Goldman writes, and it is believed that performance will remain strong and polyurethanes will ramp up through year-end. $1B in EBITDA is expected by Goldman by 2012.
Goldman reiterates its Buy rating and $13 price target.
Huntsman Corporation closed Friday at $10.69.
Surprisingly, however, Huntsman's largest segment, polyurethanes, has been disappointing despite earnings this year that have continued to show up the upside, Goldman writes, and it is believed that performance will remain strong and polyurethanes will ramp up through year-end. $1B in EBITDA is expected by Goldman by 2012.
Goldman reiterates its Buy rating and $13 price target.
Huntsman Corporation closed Friday at $10.69.
