Expert's Opinion
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Breaking News
Analyst Looks at 4Q17 ALB & UNVR Results; GRA Investor Day Preview
Albemarle Corporation (ALB: Hold, $133 PT) Broad-Based Strength Drives Operating Upside in 4Q • Earnings surpassed expectations across the portfolio. The company posted 4Q17 EPS of $1.34A ex items vs. consensus of $1.21 and our more…06.17.18
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Breaking News
Huntsman Corporation – Analyst Sees Value, Raises EPS After 4Q17 Results
Huntsman Corporation (HUN: Buy, $43 PT) What’s the Opposite of a Value Trap? • We continue to view HUN shares as a bona fide value. Polyurethanes posted record results in 4Q, yet a short-term margin spike in MDI (urethane inte…06.10.18
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Breaking News
Huntsman Corporation – Analyst on Strong 4Q17 Results, Dividend
Huntsman Corporation (HUN: Buy, $43 PT) PU Segment Drives Strong 4Q; Launches $450mn Repo, Hikes Div. 30% • Huntsman reported impressive 4Q results. Adjusted 4Q17 EPS of $0.76 eclipsed our $0.67E and consensus of $0.65. EBITDA of $3…06.03.18
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Breaking News
Lithium Sector, Westlake Chemical Corp – Analyst Comments on Lithium Landscape, Raises WLK Estimates
Chemicals Lithium Landscape; Battery Capacity is Charging • Our updated analysis of the battery market reveals five key points. In this month’s edition of Lithium Landscape, we refresh our analysis of battery mega facilities t…05.28.18
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Breaking News
Univar Inc., Westlake Chemical – Analyst Upgrades UNVR to Hold from Sell; 4Q17 WLK Results
Univar Inc. (UNVR, Hold, $30 PT) Kicking it Up a Notch; Upgrade to Hold from Sell • Risk-reward is now more symmetric in our view. After lagging in 2017, UNVR shares have corrected 11.8% year-to-date vs. +2.2% for the S&P500 ind…05.21.18
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Breaking News
Chemicals - Analyst Positive on Chlor-Alkali Exposure; OLN Prefered
Chemicals Chlor-Alkali Flash: Prices Percolate Post Production Pinch • We remain constructive on chlor-alkali exposure. Two recent data points suggest to us that the cyclical ascent in the US chlor-alkali market is alive and well: (…05.14.18
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Breaking News
LyondellBasell Industries – Analyst Comments on Deal to Acquire A. Schulman, Inc.
LyondellBasell Industries (LYB: Hold, $116 PT) The M&A Era Has Begun • LYB will acquire SHLM in a $2.25bn cash deal. Under the terms of the agreement, LyondellBasell will acquire A. Schulman, Inc., a plastics compounding company…05.07.18
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Breaking News
RPM – Analyst Upgrades to Buy as Risk-Reward Becomes Favorable
RPM International, Inc. (RPM: Buy, $57 PT) Upgrade to Buy; Risk-Reward More Favorable on Pullback • Has RPM been thrown out with the bathwater? In our opinion, RPM shares now offer a compelling opportunity for relative value, GARP a…04.30.18
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Breaking News
W.R. Grace and Co. - Analyst Reduces Estimates, PT After 4Q17 Results
W.R. Grace and Co. (GRA: Buy, $82 PT) Baseline Growth Hits a Pothole; Reigning in Estimates, Target • We will admit to having had higher hopes entering the 4Q17 earnings report. It had appeared as though a lot was going right Grace,…04.23.18
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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
