- Goldman Sachs analyst Diego Aragao upgraded Globant SA (NYSE:GLOB) to Buy from Neutral with a price target of $395, up from $235, implying a 26.1% upside.
- Globant is well-positioned to continue providing value-added services and a “differentiated” offering while taking advantage of the growing global demand for digital solutions, Aragao notes.
- Aragao believes Globant can sustain current relative valuation levels given the “superior-quality of its offerings.”
- He remains constructive on the Latin American Technology sector, expecting the urgency of digitalization to continue driving improved sales growth and margin expansion for at least the next three years.
- Price Action: GLOB shares closed lower by 2.2% at $313.12 on Monday.
Celanese Reports Force Majeure On Western Hemisphere Acetyl Chain, Acetate Tow Products
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today confirmed a declaration of force majeure for the following Acetyl Chain and Acetate Tow products to its customers in the Western
