NEW YORK, February 15 (FinanceEqnuiry.com) - Analyst Leo Larkin at S&P Capital IQ downgrades rating on the shares of Huntsman Corporation (NYSE: HUN) from BUY to HOLD. The 12-month target price is set to $13.
 
In a research note published today, analyst Larkin estimates Huntsman's Q4 EPS to be $0.32, reflecting higher sales and better margins, ahead of Q4 results that are planned for release on February 16. The 2011 and 2012 EPS is estimated at $1.72 and $1.89, respectively. However, after the steep rise in stock price, the analyst indicates that HUN is fairly valued at present levels and is irrelevant to add positions with stock trading near the target price.