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Fly News Breaks for March 20, 2018
KRA
Mar 20, 2018 | 06:22 EDT
Loop Capital analyst Chris Kapsch raised his price target on Kraton to $76, saying the company's "portfolio evolution and multi-year deleveraging" are intact and recently improved from capital structure pricing earlier this month. The analyst notes that the recent refinancing reduces the company's interest rate expense by 50bps, while the rollover expected this October may generate another annual $20M in interest expense savings. Kapsch keeps his Buy rating on Kraton.
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