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Fly News Breaks for December 7, 2018
TSE
Dec 7, 2018 | 04:57 EDT
Jefferies analyst Laurence Alexander downgraded Trinseo to Hold and lowered his price target for the shares to $55 from $80. The analyst is now more cautious on the Chemicals space, saying he expects recession risk signals to continue emerging over the next few quarters. He believes the restock cycle after the Chinese New Year could be balanced by deceleration in U.S. end-markets in the second half of 2019 and 2020.
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