Jefferies Reiterates Buy, $52 Target on WR Grace

Jefferies maintains its Buy rating and $52 target price on WR Grace

as the company looks to outperform on consistent execution. Jefferies says, “W.R. Grace shares are 20% below their year-high, reflecting the prevailing macro concerns, but we believe the shares could outperform in 1H12 if, as we expect, consistent execution wins credibility for strong 2012-2013 targets that are supported by robust market positions, limited feedstock risk, and an estimated 9% FCF yield in 2012E.” GRA closed at $41.52 per share on Tuesday.