Information Provided By:
Fly News Breaks for November 6, 2017
OEC
Nov 6, 2017 | 05:15 EDT
JPMorgan analyst Jeffrey Zekauskas upgraded Orion Engineered Carbons to Overweight and raised his price target for the shares to $29 from $23. Carbon black business fundamentals are improving, which creates an attractive risk/reward profile, Zekauskas tells investors in a research note. He cautions, however, that equity issuance by Kinove, Orion's 40% owner, could "introduce intermittent negative volatility into the share price over shorter periods of time."
News For OEC From the Last 2 Days
There are no results for your query OEC