UPDATE: Jefferies Lowers PT on Koppers Holdings Following Q2 EPS Miss

In a report published Tuesday, Jefferies analyst Laurence Alexander reiterated a Hold rating on Koppers Holdings KOP, but lowered the price target from $45.00 to $43.00.

In the report, Jefferies noted, “Koppers preannounced Q2 EPS of $0.66-$0.70 vs. prior ~$1.00, citing weak EU trends spilling over into North America, compounded by adverse weather trends and customer order patterns in some end markets. While some of the earnings will be recouped in Q3, at the margin caution also appears to be spilling into 2014. We reiterate our Hold rating.”

Koppers Holdings closed on Monday at $39.63.