As reported earlier, SunTrust analyst James Sheehan downgraded Platform Specialty Products to Hold from Buy as part of his broader research note on Chemicals. The analyst notes that investors have now fully incorporated the company's sale of the Arysta crop protection chemicals businesst and expects its stock to be range bound "due to macro headwinds and a lack of meaningful catalysts." Sheehan further states that Platform Specialty Products' key end markets are showing signs of deceleration, with its high-end mobile, automotive and electronics business in Asia already starting to experience headwinds.