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Fly News Breaks for February 16, 2016
POL, KWR, CC
Feb 16, 2016 | 06:08 EDT
Jefferies analyst Laurence Alexander downgraded Chemours (CC) to Hold saying the stock's risk/reward has deteriorated even after the selloff in the name. Softer auto manufacturer trends in 2016-2018 "threaten to undermine or obscure" the company's longer-term investment case, Alexander tells investors in a research note. He has a $4.50 price target for the shares. The analyst this morning also downgraded Quaker Chemical (KWR) and PolyOne (POL) to Hold.
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