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Fly News Breaks for December 20, 2018
GRA
Dec 20, 2018 | 06:59 EDT
Loop Capital analyst Chris Kapsch kept his Buy rating and $89 price target on W.R. Grace, saying that its overly bearish valuation has been supplemented by its "more alluring" features in the chemicals/materials space. The analyst cites the company's "minimal direct China and auto end-market exposure" along with expectations of a reasonably healthy organic growth in 2019 for the Catalysts segment following the restart of Takreer oil refinery.
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