W.R. Grace (GRA) Receives A Buy Rating: Barron’s

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Jefferies & Co. (NYSE: JEF) has raised their rating on W.R. Grace (NYSE: GRA) from ‘Hold’ to ‘Buy’. W.R. Grace reported its Q4 earnings before interest and taxes at two cents above the Jefferies’ estimates. However, their adjusted EPS 0f $0.57 was $0.08 below consensus.

W.R. Grace has several catalysts for its growth in the coming quarters. According to Barron’s, its bankruptcy hearing completed in January and a judicial opinion is likely to be issued in next six to eight weeks. A cyclical recovery in 2010 may also benefit its various divisions. Jefferies has given W.R. Grace a price target of $33.


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