RW Baird Initiates Chemtura With Outperform

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Analysts at RW Baird initiated coverage on

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Chemtura Corporation

(NYSE: CHMT) with a Outperform rating, according to sources.The target price for Chemtura is set to $31.Chemtura shares have gained 6.40% over the past 52 weeks, while the S&P 500 index has surged 14.02% in the same period.Chemtura's shares closed at $26.25 on Friday.