Expert's Opinion
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Breaking News
Olin Corporation, W.R. Grace and Co. - Analyst Provides Takeaways, Looks at Results
Olin Corporation (OLN: Buy, $40 PT) More Patience Required • We consider the pullback in OLN shares to be an opportunity for patient capital. We exit Olin’s 4Q earnings call rather disappointed in recent trends and near-term p…04.16.18
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Breaking News
Eastman, Axalta, Olin Corp. – Insight Into EMN Innovation Day; Results from AXTA, OLN
Eastman Chemical Company (EMN: Buy, $111 PT) Approaching the Promised Land? • The case for a (higher) multiple has strengthened in our view. For many years Eastman has consistently upgraded its portfolio with little to show for it,…04.09.18
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Breaking News
Axalta – Analyst on 4Q17 Beat, Driven by Performance Coatings
Axalta (AXTA: Hold, $31 PT) Performance Coatings Rallies to Drive 4Q Beat • Operating earnings came in ahead of estimates. AXTA posted 4Q17 EPS of $0.37A ex items vs. our $0.32E and consensus of $0.31. Adjusted EBITDA increased 8.3%…04.02.18
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Breaking News
Eastman, LyondellBasell Industries - Analyst EMN Investor Day Preview, LYB 4Q17 Review, Increase PT
Eastman Chemical Company (EMN: Buy, $111 PT) Investor Day Preview; Innovation in Focus • We see four key topics of interest to investors. Ahead of Eastman’s upcoming Innovation Day in New York on 6 February, we outline and dis…03.26.18
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Breaking News
DowDuPont, Eastman – Analyst Raises DWDP PT, Comments on EMN Results
DowDuPont Inc. (DWDP: Buy, $82 PT) Checking a Lot of Boxes Now; We Add 10c to Cash EPS and Raise PT • Meaningful progress on three key issues supports our constructive thesis. Entering 4Q earnings we had been focused on: (1) the lev…03.19.18
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Breaking News
DowDuPont - Analyst Looks at Impressive 4Q17 Results, Synergies, Lower Tax Rate
DowDuPont Inc. (DWDP: Buy, $80 PT) Ample 4Q EPS Upside, More Synergies, Faster Spins, Lower Tax Rate • DowDuPont posted impressive 4Q results. In its second quarter as a merged entity, DWDP reported $0.83 on a cash adjusted E…03.12.18
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Breaking News
Sherwin-Williams - Analyst Comments on 4Q17 Results as SSS Strong
Sherwin-Williams (SHW: Hold, $412 PT) Trimming EPS; Stores Outpace Consumer and Performance Coatings Again • Operations are under pressure outside of company-owned stores. The power of Sherwin’s controlled distribution model c…03.05.18
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Breaking News
APD, CE - Analyst Provides Takeaways After Results, Raises CE PT by $7
Air Products and Chemicals (APD: Hold, $164 PT) Separating Signal from Noise • Air Products posted a bit of a choppy quarter. F1Q results were characterized by several transitory issues. To name a few, these include a plant sale in…02.26.18
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Breaking News
Chemicals - Analyst Looks at Factors Driving Petrochemical Sector in February
Chemicals Commodity Chemical Calculus; February Flux • Petrochemical markets remain snug in February for five reasons. In this month’s edition of Commodity Chemical Calculus (CCC), our updated analysis of price and margin tren…02.24.18
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Breaking News
PPG Industries - Analyst Reaffirms Buy After Meetings with Management
PPG Industries (PPG: Buy, $130 PT) Lights at End of Tunnel • We affirm our Buy on PPG after visiting with management. We caught up with senior management on Monday, including CEO Michael McGarry, CFO Vince Morales, SVP Tim Kn…02.19.18
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Breaking News
SHW, PX, CE, APD - Analyst Comments Mixed Results, 2018 Outlooks
Sherwin-Williams (SHW: Hold, $412 PT) 4Q EPS in Line on Tax; Valspar and Consumer Struggles Continue • Operating earnings came in below our expectation. Our first blush analysis suggests that SHW posted 4Q17 EPS of $3.16 excl…02.09.18
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Breaking News
Praxair- Analyst Comments on Strong 4Q17 Results
Praxair, Inc. (PX: Hold, $151 PT) Strong Volume in NA Drives EPS Upside • Sales and earnings exceeded expectations. Praxair reported adjusted 4Q EPS of $1.52 vs. our $1.47E, consensus of $1.48, and the company’s prior range of…02.05.18
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Breaking News
IHS Markit: Westlake Chemical Strengthens Position in Chlor-Vinyl Market as Prices Set to Rise
Houston-based Westlake Chemical, a leading producer of polyolefins in North America and a global leader in the chlor-vinyl chemicals segment, is positioning itself to capture synergies and strengthen its market position as the chlor-vinyl market stre…01.31.18
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Breaking News
Vertical Research Partners Chemicals Analyst Reaffirms Buy on PPG Industries
PPG Industries (PPG: Buy, $130 PT) Affirm Buy on Volume Acceleration; Margins Still Work in Progress • Better organic volume growth solves one of two challenges. In broad strokes we believe two issues have weighed on PPG’s relative…01.30.18
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Breaking News
PPG - Analyst Encouraged After 4Q17 EPS Beat
PPG Industries (PPG: Buy, $127 PT) Volume Acceleration Drives Penny Beat, Despite Margin Pressure • 4Q EPS brings best volume growth in 3 years, although margin challenge continues. We are encouraged by strength in sales, supported…01.26.18
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Breaking News
Vertical Research Partners Analysts Provide 'Top Picks' Report
Vertical Research Partners Top Picks In our second annual Vertical Top Picks Report, we present our best alpha generating ideas across 8 Verticals from our US and European coverage. Each of our Top Picks represents an analyst&rsqu…01.26.18
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Breaking News
Analyst Looks at Sector in Monthly Commodity Chemical Calculus Report
Chemicals Commodity Chemical Calculus; Winter Melt Up • Commodity markets ring in 2018 with sustained momentum. In this month’s edition of Commodity Chemical Calculus (CCC), our updated analysis of price and margin trends acro…01.22.18
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Breaking News
RPM International: Analyst Raises Estimates, Provides Key Takeaways After 2Q18 Results
RPM International, Inc. (RPM: Hold, $57 PT) Consumer Keeps Us Sidelined For Now • We exit RPM’s F2Q call with mixed emotions. First, the good news. Organic sales growth of 4.2% is the strongest result in nearly two year…01.15.18
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Breaking News
Analyst Provides 2018 Outlook, Has Ratings Changes for OLN, LYB and WLK
Chemicals 2018 Chemicals Outlook: What’s Not to Like (Besides Valuation)? • Prosperity across the chemicals sector appears well founded as we enter 2018. After solid outperformance in the bull market that was 2017 (S&P 500…01.08.18
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Breaking News
RPM International (RPM) - Analyst Comments on F2Q18 Beat
RPM International, Inc. (RPM: Hold, $57 PT) F2Q EPS Beat on Tax; EBIT in Line as Margin Offsets Sales Upside • RPM posted decent operational results for F2Q18. EPS of $0.70A exceeded our $0.59E and consensus of the same. Relative to…01.05.18
