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Fly News Breaks for February 10, 2020
TSE
Feb 10, 2020 | 07:06 EDT
Citi analyst P.J. Juvekar upgraded Trinseo to Neutral from Sell with a price target of $31, down from $33. The analyst cites valuation for the upgrade with the shares down 21% year-to-date. Post Trinseo's Q4 results, Juvekar thinks investors likely have discounted a "weak" 2020 on anticipated styrene capacity additions and lower free cash flow based on guidance which assumes no working capital benefit.
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