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AKZOY

AkzoNobel

$27.83

-0.383 (-1.36%)

07:23
04/19/17
04/19
07:23
04/19/17
07:23

AkzoNobel reports Q1 EBIT EUR376M vs. EUR334M a year ago

Reports Q1 revenue EUR3.66B vs. EUR 3.43B a year ago. Decorative Paints revenue was up 7%, mainly driven by strong volume growth. Volumes were up 9%, with positive developments in all regions. Performance Coatings revenue was up 6%, driven by positive volume development across a number of segments and the acquisition of BASF's Industrial Coatings business. Specialty Chemicals revenue was up 7%, due to positive volume developments in all business units and regions and favorable currency effects. Volumes were up 5%, with several businesses benefiting from improved market conditions in the oil drilling, mining, agrochemical and building and construction segments.

AKZOY AkzoNobel
$27.83

-0.383 (-1.36%)

03/10/17
SBSH
03/10/17
UPGRADE
SBSH
Buy
AkzoNobel upgraded to Buy from Neutral at Citi
Citi analyst Thomas Wrigglesworth upgraded AkzoNobel to Buy saying the company's review of strategic options for the Special Chemicals business is an unexpected catalyst. The analyst raised his price target for the shares to EUR 90 from EUR 68.
03/10/17
RHCO
03/10/17
NO CHANGE
RHCO
PPG likely to continue pursuit of AkzoNobel, says SunTrust
After AkzoNobel,(AKZOY) rejected a bid by PPG (PPG), SunTrust analyst James Sheehan says he expects PPG to continue pursuing the deal, given what he sees as the "strong strategic rationale" for the transaction. He says that PPG's valuation is attractive and he keeps a Buy rating on the stock.
03/14/17
BOFA
03/14/17
UPGRADE
BOFA
Neutral
AkzoNobel upgraded to Neutral from Underperform at BofA/Merrill
03/23/17
RBCM
03/23/17
NO CHANGE
RBCM
AkzoNobel could be acquired for EUR100 per share, says RBC Capital
After PPG (PPG) made a second, EUR 88 per share bid for Akzo Nobel (AKZOY) and the bid was rejected, RBC Capital analyst Arun Viswanathan says that a hypothetical EUR 100 per share bid is "a fair value and one Akzo might be more willing to accept." The analyst says that such a deal would be accretive for PPG if it was done in all cash.

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