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Fly News Breaks for October 26, 2017
Oct 26, 2017 | 07:18 EDT
KeyBanc analyst Michael Sison raised his price target for W.R. Grace to $84 from $77 given the improving results and the opportunity for large M&A in catalysts. The analyst believes the company can be aggressive with its balance sheet in the active M&A environment prevalent in the chemical industry, which could boost earnings growth near and longer term. In addition, demand for its catalysts remains strong and its licensing business has a growing backlog driven by growth in the MTO industry, he contends. Sison reiterates an Overweight rating on the shares.
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