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POL

PolyOne

$31.01

0.73 (2.41%)

06:18
08/19/19
08/19
06:18
08/19/19
06:18

PolyOne to sell PP&S business to SK Capital Partners for $775M in cash

PolyOne announced it has entered into a definitive agreement to sell its performance products and solutions, or PP&S, business to SK Capital Partners for $775M in cash. PolyOne expects to record a pre-tax gain of approximately $600M at the time the sale is completed. With sales of approximately $700M, PP&S is a global provider of formulated PVC and polypropylene based solutions, as well as contract manufacturing services, primarily serving the North American construction and automotive end markets. In accordance with US GAAP, the company expects the PP&S business will be classified as "held for sale" and reported as a discontinued operation. The sale is subject to satisfaction of regulatory requirements and other customary closing conditions, which the company expects to be completed during Q4. The company will discuss additional details of the transaction on its Q3 conference call.

  • 23

    Sep

POL PolyOne
$31.01

0.73 (2.41%)

06/11/19
BUCK
06/11/19
NO CHANGE
Target $36
BUCK
Buy
Buckingham sees upside to 2H19 Street expectations for PolyOne
Buckingham analyst Dmitry Silversteyn reiterated a Buy rating and $36 price target on PolyOne following the company's preannouncement of a "stronger" Q2 on faster margin recovery across all segments driven by better mix and price realization, as well as improving Composites profitability and a better than anticipated North American construction market. In a research note to investors, Silversteyn raised his Q2 EPS estimates to 73c from 68c and says he sees upside to second half Street expectations.
06/11/19
WLSD
06/11/19
UPGRADE
WLSD
Gradually Accumulate
PolyOne upgraded to Gradually Accumulate from Hold at Wellington Shields
Great Lakes Review analyst Elliott Leo Schlang upgraded PolyOne to Gradually Accumulate from Hold with a price target of $35 on the shares. Great Lakes is a division of Wellington Shields.
07/22/19
BARD
07/22/19
UPGRADE
Target $36
BARD
Outperform
PolyOne upgraded to Outperform from Neutral at Baird
Baird analyst Ben Kallo upgraded PolyOne to Outperform from Neutral and raised his price target for the shares to $36 from $30.
07/22/19
07/22/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Micron (MU) upgraded to Buy from Neutral at Goldman Sachs with analyst Mark Delaney saying he is now more positive on global memory stocks as he believes that the excess inventory memory companies are carrying will be depleted faster than previous expectations, primarily in NAND flash. 2. PolyOne (POL) upgraded to Outperform from Neutral at Baird. 3. Hershey (HSY) upgraded to Neutral from Sell at UBS with analyst Steven Strycula saying consolidation in U.S. confection has driven better "category stewardship" while pricing power in the space is stronger than initially thought. 4. Autoliv (ALV) upgraded to Buy from Hold at Nordea. 5. StoneCo (STNE) was upgraded to Outperform from Neutral at Credit Suisse while PagSeguro Digital (PAGS) was upgraded to Neutral from Underperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SMTX

SMTC Corp.

$2.96

0.16 (5.71%)

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ENLAY

Enel

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SNV

Synovus

$36.17

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W

Wayfair

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-3.065 (-2.33%)

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XYL

Xylem

$77.99

-0.41 (-0.52%)

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PRDSY

Prada

$0.00

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BURBY

Burberry

$0.00

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05:27
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JSAIY

J Sainsbury

$0.00

(0.00%)

05:26
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FCX

Freeport McMoRan

$10.45

0.095 (0.92%)

05:25
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ANFGY

Antofagasta

$0.00

(0.00%)

05:23
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ATRC

AtriCure

$26.02

0.22 (0.85%)

05:21
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STIM

Neuronetics

$10.50

-0.54 (-4.89%)

05:19
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FGEN

FibroGen

$39.69

-1.3 (-3.17%)

, ALPMY

Astellas Pharma

$0.00

(0.00%)

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FGEN

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ALPMY

Astellas Pharma

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  • 27

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VOPKY

Koninklijke Vopak

$0.00

(0.00%)

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LBTYA

Liberty Global

$27.09

-0.25 (-0.91%)

05:12
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  • 23

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HRI

Herc Holdings

$45.32

-1.615 (-3.44%)

, URI

United Rentals

$125.06

0.415 (0.33%)

05:06
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HRI

Herc Holdings

$45.32

-1.615 (-3.44%)

URI

United Rentals

$125.06

0.415 (0.33%)

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  • 01

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URI

United Rentals

$125.06

0.415 (0.33%)

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  • 01

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SUZ

Suzano

$15.97

-0.43 (-2.62%)

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ROKU

Roku

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, CMCSA

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CMCSA

Comcast

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  • 24

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FTCH

Farfetch

$8.91

-0.42 (-4.50%)

04:55
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  • 20

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FB

Facebook

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, SNAP

Snap

$16.87

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TWTR

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  • 20

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TRGP

Targa Resources

$40.89

-0.725 (-1.74%)

04:55
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  • 20

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IRM

Iron Mountain

$32.15

-0.02 (-0.06%)

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  • 20

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LGND

Ligand

$104.62

5.37 (5.41%)

04:55
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  • 20

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RDFN

Redfin

$17.19

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  • 20

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