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HUN · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Huntsman Corporation (HUN) stock moving?
Huntsman's Q3 2026 results were mixed. Revenue of $1.717B beat the $1.613B estimate and adjusted EBITDA rose to $132M from $94M on higher volumes, better margins and cost savings. Adjusted EPS of $0.04 missed the $0.07 estimate, and free cash flow fell to $82M from $157M, leaving nine-month free cash flow at -$99M. Management expects net debt leverage to fall to about 4x by year-end. The pending Olin merger has shareholder approval and U.S. regulatory clearance, with closing now targeted for Q1 2027 and a new combined ticker, OHN. Analysts raised targets after the report: KeyBanc (Overweight) to $13, Barclays (Equal-Weight) to $11, and UBS, Citi and RBC (Neutral/Sector Perform) to $10. The stock closed at $9.50 on Nov 10, below the $9.95 close on Nov 2 and well off the $10.195 intraday high that day. Volume has faded from about 4.5M shares on Nov 2 to 1.7M on Nov 10, and the stock has traded roughly between $9.00 and $10.20 since late October, up from $8.72 on Oct 22. Targets cluster around $10-11, so the consensus points to modest upside, while the lone $13 target implies more.
News behind the analysis
- KeyBanc Raises Huntsman (HUN) Price Target to $13KeyBanc raised its price target on Huntsman to $13 after the Q3 2026 results.
- Keybanc Maintains Overweight on Huntsman, Raises Price Target to $13KeyBanc kept its Overweight rating and lifted its target to $13, its highest among the recent analyst updates.
- UBS Maintains Neutral on Huntsman, Raises Price Target to $10UBS kept a Neutral rating and raised its price target to $10.
- Barclays Maintains Equal-Weight on Huntsman, Raises Price Target to $11Barclays kept an Equal-Weight rating and raised its price target to $11.
- Huntsman Q3 Adj. EPS $0.04 Misses $0.07 Estimate, Sales $1.717B Beat $1.613B EstimateAdjusted EPS missed the estimate, while revenue came in above expectations at $1.717B.
- Huntsman Corporation Reports Third Quarter 2026 Financial ResultsHuntsman reported Q3 2026 revenue of $1.717B and a net loss of $18M, and said net debt leverage should fall to about 4x by year-end.
- Huntsman Q3 Adj. EBITDA $132M vs $94M Y/YAdjusted EBITDA rose to $132M from $94M a year earlier, helped by higher volumes, margins and cost savings.
- Huntsman Q3 Free Cash Flow $82M vs $157M Y/YFree cash flow fell to $82M from $157M a year earlier, and nine-month free cash flow was negative at $99M.
- Huntsman Now Expects Olin Merger To Close In Q1 2027The merger of equals with Olin is now targeted to close in Q1 2027, after U.S. regulators cleared it in September.
- Olin Corporation Reports Progress on Huntsman MergerOlin said the merger with Huntsman is currently targeted to close in the first quarter of 2027.
About Huntsman Corporation
Huntsman is a chemical maker based in The Woodlands, Texas. It is best known for MDI polyurethanes, which go into insulation, car parts, furniture and footwear, and it also makes performance products and advanced materials such as epoxy adhesives used in aerospace. It has agreed to an all-stock merger of equals with Olin Corporation. Shareholders of both companies approved the deal, and it is expected to close in early 2027.
How it makes money
Huntsman sells chemicals to manufacturers around the world. Its biggest segment by far is Polyurethanes, mainly MDI-based products for construction insulation, cars, appliances and consumer goods. Its other segments are Performance Products (amines and other specialty intermediates) and Advanced Materials (epoxy and other formulations for aerospace, electronics and industry). Quarterly revenue was roughly $1.4 to $1.7 billion in 2026. Earnings have been weak during a long downturn in the chemicals industry, and the company has posted small net losses.
What usually moves HUN
- Housing starts and construction demand
- MDI pricing and industry capacity, especially in China
- Feedstock and energy costs in Europe and the US
- Completion and synergies of the Olin merger
- Auto and industrial production in China and Europe