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Fly News Breaks for July 1, 2019
TSE
Jul 1, 2019 | 07:37 EDT
Deutsche Bank analyst David Begleiter lowered his price target for Trinseo to $50 from $55 while maintaining a Buy rating on the shares. The analyst reduced his estimates to reflect a near quarter long outage at the company's styrene plant in Schkopau, Germany, along with "no signs of demand improvement across its key end markets." The analyst, despite a more cautious view of Trinseo's earnings power, views the stock's valuation as attractive.
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