KeyBanc Bumps Up NewMarket To Hold
Analysts at KeyBanc upgraded NewMarket Corp (NYSE: NEU) from "hold" to "buy." The target price for NEU is set to $110. According to KeyBanc, NEU is capable of raising product prices to mitigate increase in raw material costs. This will help the company to sustain its operating margins in the mid to high teen levels.
NEU’s shares closed at $88.29 yesterday.
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