UPDATE: J.P. Morgan Resumes Coverage on Georgia Gulf
According to a research report published Thursday, J.P. Morgan has resumed its coverage on Georgia Gulf (NYSE: GGC) with a Neutral rating and $28 PT.
In the report, J.P. Morgan said, "We resume coverage of Georgia Gulf following a period of restriction with a Neutral rating (previously an Overweight rating). We establish a December 2013 price target of $28 (the previous December 2012 price target was $23). We raised our 2012 EPS forecast from $1.70 to $2.50 and our 2013 projection from $2.55 to $3.00."
Georgia Gulf closed Wednesday at $27.23.
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