Dahlman Rose Reiterates Buy on Georgia Gulf

Dahlman Rose is out with its report today on Georgia Gulf (NYSE: GGC), reiterating Buy.

In a note to clients, Dahlman Rose writes, "We remain positive on GGC shares as we expect the company to benefit from better pricing and margins as it moves beyond the PVC force majeure and chlor/alkali operating issues. While 2Q11 results are likely to be weak, we see exports supporting volumes and margin gains despite a muted US housing recovery."

Dahlman Rose maintains a $40 PT on GGC.

Shares of GGC closed Wednesday at $25.05.