Alembic Global Thinks Trinseo’s Stock is Going to Recover


In a report released yesterday, Hassan Ahmed from Alembic Global reiterated a Buy rating on Trinseo (TSE), with a price target of $75. The company’s shares closed yesterday at $48.62, close to its 52-week low of $48.54.

According to TipRanks.com, Ahmed is a 1-star analyst with an average return of -2.2% and a 40.7% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.

Currently, the analyst consensus on Trinseo is a Moderate Buy with an average price target of $68, which is a 39.9% upside from current levels. In a report released yesterday, Deutsche Bank also maintained a Buy rating on the stock with a $65 price target.

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The company has a one-year high of $85.35 and a one-year low of $48.54. Currently, Trinseo has an average volume of 398K.

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Trinseo SA engages in the manufacture and marketing of plastics, latex binders, and synthetic rubber. It operates through the Performance Materials and Basic Plastics & Feedstocks divisions. The Performance Materials division includes latex, synthetic rubber, and performance plastics segments.

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