Wedbush Maintains Neutral On AMCOL International (ACO)

Wedbush is out with a research report on AMCOL International (NYSE: ACO), and is reiterating its Neutral rating and $29 price target.

In a note to clients, Wedbush writes, "Maintaining NEUTRAL as disappointing Q3 operational performance offsets
cautiously optimistic outlook. Despite the robust top-line growth noted in Q3, the company delivered disappointing margins and a low quality GAAP EPS beat. Excluding the benefit from the FX transaction gain during the quarter, EPS of $0.50 was at the midpoint between our estimate and consensus."

Shares of ACO are down 68 cents to $28.29, a loss of 2.4%.