UPDATE: J.P. Morgan Color on Georgia Gulf PT Decrease

J.P. Morgan, which lowered its PT on shares of Georgia Gulf Corp. (NYSE: GGC), is providing some color on the stock.

“We reduced our 2Q:11 EPS estimate from $0.43 to $0.12, and we lowered our 2011 EPS forecast from $2.35 to $2.00,” J.P. Morgan writes. “Our 2012 EPS estimate is $3.20 versus $4.00 previously, and our 2013 EPS projection is $4.00.

“We reduced our 2Q:11 EBITDA estimate (adjusted for debt cost amortization) from $65Mn to $49Mn, and we lowered our 2011 EBITDA forecast from $292Mn to $272Mn.”

Georgia Gulf closed Wednesday $25.05.