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Fly News Breaks for July 12, 2019
VNTR
Jul 12, 2019 | 07:09 EDT
Citi analyst P.J. Juvekar downgraded Venator Materials (VNTR) to Neutral from Buy saying he's turned more cautious on ethylene and TiO2. With three new ethylene crackers in the second half of 2019 and falling raw materials, the risk to polyethylene prices is to the downside, Juvekar tells investors in a research note. He prefers "more defensive names with strong balance sheets," such as Linde plc (LIN), Sherwin-Williams (SHW) and Nutrien (NTR).
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