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Fly News Breaks for March 1, 2019
KRA
Mar 1, 2019 | 08:33 EDT
SunTrust analyst James Sheehan raised his price target on Kraton to $39 amid the rising peer group valuations and to reflect the possibility of value creation from the potential divestiture of its "highly profitable ariflexisoprene rubber business". The analyst also keeps his Hold rating on the shares because its progress on deleveraging is being "stalled by macro headwinds and costs from unplanned outages", noting that Kraton stock will likely trade range bound.
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