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UPDATE: Jefferies Raises PT on PolyOne Corporation on Spartech Acquisition

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In a report published Wednesday, Jefferies analyst Laurence Alexander reiterated his Buy rating on PolyOne Corporation (NYSE: POL), and raised his price target from $27.00 to $29.00.

In the report, Alexander noted, “To reflect the completion of the Spartech acquisition, we are raising our 12-month price target for PolyOne $2 to $29, which effectively maintains our target multiple at 7.6x EBITDA and implies 16% total return.”

PolyOne Corporation closed on Tuesday at $24.90.

Latest Ratings for POL

DateFirmActionFromTo
Jun 2015Global HunterInitiates Coverage onBuy
Jan 2015BairdUpgradesNeutralOutperform
Nov 2014BairdInitiates Coverage onNeutral

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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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