Bank Of America Maintains Underperform Rating On Kraton Performance Polymers

According to Bank of America, Kraton Performance Polymers KRA Underperform rating is maintained. Bank of America said that Kraton's 2Q earnings and sales fell short of investor expectations on weaker volumes, including modest share loss on increased competitive intensity. “Our PO of $28 suggests KRA can appreciate to 11x our $2.55E for 2012.” Kraton Performance Polymers closed yesterday at $23.95.