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'HUNting' For Value? Why Not Consider Huntsman, RBC Says
Wednesday, July 18, 2018 - 1:57pm | 335Huntsman Corporation (NYSE: HUN) is a global marketer of differentiated and specialty chemicals. The Analyst RBC Capital Markets' Arun Viswanathan initiated coverage of Huntsman with an Outperform rating and $37 price target. The Thesis Huntsman's earnings power and attractiveness as...
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Bernstein: Westlake 'One Of The Best' Plays On Chinese Pollution Crackdown
Thursday, June 21, 2018 - 11:09am | 374Petrochemical producer Westlake Chemical Corporation (NYSE: WLK) has multiple tailwinds ahead that could generate upside potential of 40 percent for investors, according to Bernstein. The Analyst Bernstein's Jonas Oxgaard initiated coverage of Westlake with an Outperform rating and $150...
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KeyBanc Downgrades KMG Chemicals On Valuation, Says 'The Future Is Not Without Some Uncertainty'
Wednesday, June 13, 2018 - 10:58am | 341Shares 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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Here's Why Loop Capital 'Begrudgingly' Downgraded Ingevity
Tuesday, February 27, 2018 - 3:41pm | 391Ingevity Corp (NYSE: NGVT), a manufacturer of specialty chemicals and high performance carbon materials, reported its preliminary fourth quarter results on Feb. 20 that were "strong" and "encouraging" but warrants a downgrade, according to Loop Capital. The Analyst Loop...
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Morgan Stanley Downgrades Albemarle On Supply, Pricing Concerns
Monday, February 26, 2018 - 10:40am | 449Less than a week after Argus initiated coverage of Albemarle Corporation (NYSE: ALB) with a Buy, another sell-side analyst assumed a different, bearish stance on the chemical company. The Analyst Morgan Stanley analyst Vincent Andrews downgraded Albemarle from Equal-weight to...
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A 'Compelling Buying Opportunity' In The Kraton Corp. Sell-Off
Thursday, February 22, 2018 - 2:44pm | 335Kraton Corp (NYSE: KRA) reported fourth-quarter results Tuesday that sent shares tumbling lower by 15 percent the next day — creating a "compelling buying opportunity," according to Loop Capital Markets. The Analyst Loop Capital Markets' Chris Kapsch maintains a Buy...
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Baird: Albermarle Is The Best Lithium Cycle Play
Monday, January 8, 2018 - 12:24pm | 419A Baird analyst said he's a buyer of Albemarle Corporation (NYSE: ALB) at current levels, with several impending catalysts offering a reason to look at the chemical manufacturer. The Analyst Baird analyst Ben Kallo upgraded Albemarle from Neutral to Outperform and increased the...
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Newly Merged DowDuPont Gets A Bullish Call From Goldman
Tuesday, December 5, 2017 - 10:13am | 524DowDuPont Inc (NYSE: DWDP) was formed due to the recent merger between Dow Chemical Co (NYSE: DOW) and E I Du Pont De Nemours And Co (NYSE: DD). The merger was completed Aug. 31, 2017. About three months into DowDuPont's existence as a merged entity, Goldman issued a bullish call on the...
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A Look Ahead At DowDuPont's Catalysts Over The Next Year; Analyst Initiates At Buy
Monday, September 11, 2017 - 11:06am | 359Bank of America's Steve Byrne initiates coverage of DowDuPont Inc (NYSE: DWDP) with a Buy rating and $78 price target amid multiple catalysts for the next 12 to 18 months. DowDuPont will be releasing its pro forma financials by Nov. 15 and this will help investors in better understanding the...
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Honeywell Will Spin Off Resins And Chemicals Business Into A New Standalone And Publicly Traded Company
Thursday, May 12, 2016 - 9:59am | 289Honeywell International Inc. (NYSE: HON) announced on Thursday it plans on separating its Resins and Chemicals business to shareholders. Honeywell noted its two segments will be spun-off into a new standalone and publicly-traded company named AdvanSix Inc. The company expects the transaction to...
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Dow Chemical Jumps 3% Following Q4 Report
Tuesday, February 2, 2016 - 8:42am | 260Shares of Dow Chemical Co (NYSE: DOW) gained more than 3 percent early Tuesday morning after the company reported its fourth quarter results. Dow Chemical earned $0.93 per share in the fourth quarter on revenue of $11.4 billion. Wall Street analysts were expecting the company to earn $0.70 per...
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Dow And DuPont Announce Merger, Intend To Spin Into Three Publicly Traded Companies
Friday, December 11, 2015 - 8:40am | 629Dow Chemical Co (NYSE: DOW) and E I Du Pont De Nemours And Co (NYSE: DD) made their merger official on Friday. The companies confirmed the combined entity will proceed to split into three "highly focused leading businesses." The companies noted the "highly synergistic...
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Jefferies Is Playing The Chemical Sector, But Sees 'More Murk Likely'
Wednesday, September 23, 2015 - 2:14pm | 567Laurence 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...
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Merger Boosts Materials ETFs
Wednesday, October 8, 2014 - 10:02am | 442The chemicals sector has been consolidating of late, and M&A can mean a premium for shareholders. In September Germany-based Merck KGaA announced its purchase of Sigma-Aldrich Castello Di Borghese (NASDAQ: SIAL) for $17 billion in cash, a 37 percent premium to SIAL’s closing price pre...
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Bio-Plastics Come To Brazil
Thursday, July 21, 2011 - 2:20pm | 266A new partnership could help to bring bio-plastics to medicine cabinet near you. Dow Chemical (NYSE: DOW) and Japan's Mitsui have formed a new Brazilian joint venture in order to turn sugar cane into ethanol and plastic. The pair plan on creating the world's largest integrated facility for...