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BofA Reacts To Nelson Peltz's DuPont Victory
Tuesday, April 28, 2015 - 10:22am | 319Bank of America commented on E I Du Pont De Nemours And Co (NYSE: DD) Monday following the endorsement of Nelson Peltz and John H. Myers as candidates for the board of directors by Institutional Shareholder Services, Inc. (ISS). Analysts Kevin W. McCarthy and Wei Zhang viewed the news as a...
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Bank Of America Downgrades Du Pont Amid Trian Engagement
Monday, March 16, 2015 - 11:38am | 344E I Du Pont De Nemours And Co (NYSE: DD) got a double downgrade Monday on the same day an activist shareholder fired another shot across the company's bow. DuPont changed hands recently at $78.70, down 2.2 percent. Bank of America's Kevin W. McCarthy brought down DuPont by two notches...
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UPDATE: Bank Of America Downgrades Agrium
Wednesday, November 26, 2014 - 10:17am | 234Bank of America downgraded Agrium Inc. (USA) (NYSE: AGU) from Neutral to Underperform Wednesday and maintained a $99 price target. Analyst Kevin W. McCarthy noted that “Any permanent closure of Uralkali’s Solikamsk-2 mine could support potash prices, but we don’t see a...
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UPDATE: Bank Of America On CF Industries Holdings Following End Of MOE Discussions
Friday, October 17, 2014 - 10:51am | 124In a report published Friday, Bank of America analyst Kevin W. McCarthy reiterated a Buy rating on CF Industries Holdings (NYSE: CF), but lowered the price target from $306.00 to $283.00. In the report, Bank of America noted, “CF is settling into a steadier rhythm now following a period of...
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UPDATE: Bank Of America Reiterates On Huntsman Corporation Following ROC Pigment Deal
Thursday, September 11, 2014 - 8:01am | 161In a report published Thursday, Bank of America analyst Kevin W. McCarthy reiterated a Buy rating on Huntsman Corporation (NYSE: HUN), and raised the price target from $31.00 to $34.00. In the report, Bank of America noted, “As a follow-up to our earlier note (Affirm Buy as EC green lights ROC...
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UPDATE: Bank Of America Reiterates On Mosaic Co. On Strong Demand, Modest Price
Monday, August 4, 2014 - 10:45am | 113In a report published Monday, Bank of America analyst Kevin W. McCarthy reiterated a Buy rating on Mosaic Co. (NYSE: MOS), and raised the price target from $54.00 to $55.00. In the report, Bank of America noted, “Mosaic stands to benefit from an ongoing rebound in global potash demand in 2H14...
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UPDATE: Bank Of America Reiterates On Celanese As Acetyls Drive Upside For Now
Monday, July 21, 2014 - 9:14am | 103In a report published Monday, Bank of America analyst Kevin W. McCarthy reiterated a Neutral rating on Celanese (NYSE: CE), and raised the price target from $63.00 to $69.00. In the report, Bank of America noted, “Celanese again posted impressive growth in Acetyl Intermediates (AI). Management...
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UPDATE: Bank Of America Reiterates On PPG Industries On Solid 2Q Results
Friday, July 18, 2014 - 11:14am | 114In a report published Friday, Bank of America analyst Kevin W. McCarthy reiterated a Buy rating on PPG Industries (NYSE: PPG), and raised the price target from $218.00 to $223.00. In the report, Bank of America noted, “We continue to view PPG as an attractive core holding in the chemicals sector...
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UPDATE: Bank of America Reiterates on FMC as Minerals Spin Appears Logical
Thursday, March 13, 2014 - 9:35am | 112In a report published Thursday, Bank of America analyst Kevin W. McCarthy reiterated a Neutral rating on FMC (NYSE: FMC), and raised the price target from $77.00 to $86.00. In the report, Bank of America noted, “We favor FMC's plan to separate its two Minerals lines (soda ash and lithium) via a...
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UPDATE: Bank of America Reiterates on CF Industries Following Solid 4Q Results
Thursday, February 20, 2014 - 10:35am | 104In a report published Thursday, Bank of America analyst Kevin W. McCarthy reiterated a Buy rating on CF Industries (NYSE: CF), and raised the price target from $259.00 to $261.00. In the report, Bank of America noted, “CF delivered solid 4Q results and has hedged the majority of its natural gas...
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UPDATE: Bank of America Upgrades Huntsman on Favorable Company-Specific Catalysts
Thursday, September 19, 2013 - 8:49am | 134In a report published Thursday, Bank of America analyst Kevin W. McCarthy upgraded the rating on Huntsman Corporation (NYSE: HUN) from Neutral to Buy, and reiterated the $24.00 price target. In the report, Bank of America noted, “We view favorably Huntsman's new strategic plan to (1) acquire...
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UPDATE: Bank of America Downgrades Dupont on to Near-Term Challanges
Friday, June 14, 2013 - 8:28am | 127In a report published on Friday, Bank of America analyst Kevin W. McCarthy downgraded Dupont (NYSE: DD) from Buy to Neutral and maintained a $56 price target on the company. In the report, Bank of America commented that, "Our downgrade to Neutral from Buy reflects our view of diminished near-...