UPDATE: Morgan Stanley Initiates Coverage on Taminco on Balanced Risk, Fair Valuation
In a report published Wednesday, Morgan Stanley analyst Charles A. Dan initiated coverage on Taminco Corp. (NYSE: TAM) with an Equal-Weight rating.
In the report, Morgan Stanley noted, “Taminco's growth profile and strong position in an attractive industry should appeal to many investors. Risks appear balanced, and we believe valuation is fair, despite outperformance since the IPO. Initiating coverage at Equal-weight with a $23 base case.”
Taminco Corp. closed on Tuesday at $19.99.
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