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BofA Analyst's Chemical Blend: Rating Change Saga, Reassesses Agricultural Market Dynamics
Tuesday, January 16, 2024 - 2:53pm | 491Read More...BofA Securities analyst Steve Byrne said he was bullish on commodity chemical stocks but remained selective given a tough recovery and leans “this way with lithium, as well.” The analyst expected residential and non-resi investments to remain soft, with more resilience in aerospace...
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5 Chemical Stocks Get Mixed Reaction: Which Ones Got An Upgrade Or Downgrade?
Friday, July 16, 2021 - 3:49pm | 448Read More...The risk-reward balance may be unfavorable for chemical stocks heading into second-quarter earnings season, and one analyst adjusted his chemical stock ratings accordingly on Friday. The Analyst: Bank of America analyst Steve Byrne issued the following chemical stock upgrades and downgrades:...
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KeyBanc Downgrades KMG Chemicals On Valuation, Says 'The Future Is Not Without Some Uncertainty'
Wednesday, June 13, 2018 - 10:58am | 341Read More...Shares of KMG Chemicals, Inc. (NYSE: KMG), a global supplier of specialty chemicals and performance products, have gained around 50 percent since late November 2017, which led KeyBanc Capital Markets to downgrade the stock. The Analyst Analyst Michael Sison downgraded KMG Chemicals ...
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Axiall Says Westlake's Takeover Proposal Is 'An Opportunistic Attempt To Take Advantage OF Challenging Public Equity Market Conditions'
Wednesday, February 17, 2016 - 9:53am | 301Read More...Westlake Chemical Corporation (NYSE: WLK) announced on Tuesday it plans on nominating a slate of 10 independent individuals to Axiall Corp (NYSE: AXLL)'s Board of Directors. Westlake has offered to acquire Axiall in a deal that values its stock at $20 per share. Axiall responded to...
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Jefferies Is Playing The Chemical Sector, But Sees 'More Murk Likely'
Wednesday, September 23, 2015 - 2:14pm | 567Read More...Laurence Alexander of Jefferies commented in a note that chemical rallies could "fade often and sharply." Alexander noted the "widely-acknowledged" lack of real demand visibility has morphed the defensive stance of chemical stocks that "worked" in 2015 into a "barbell approach." Alexander...
