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Fly News Breaks for October 2, 2015
AXLL
Oct 2, 2015 | 07:16 EDT
SunTrust cut its price target on Axiall based on several factors, including weakening caustic soda prices, lack of PVC margin expansion due to price discounting, and inventory losses in Aromatics, which the company divested yesterday. The firm lowered its Q3 EBITDA estimate by $16M to $95M but keeps a Buy rating.
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