UPDATE: Morgan Stanley Maintains Equal-weight on Celanese on Methanol JV Announcements
May 15, 2013 at 13:33 PM EDT
In a report published by Morgan Stanley Wednesday, analyst Vincent Andrews maintained the rating on Celanese (NYSE: CE ) of Equal-Weight. In the report, Morgan Stanleynoted, "Celanese's announcement of the formation of a new methanol JV is in line with our expectations, as outlined in our 2012 initiation. Nonetheless,