UPDATE: Sterne Agee Initiates Neutral on AMCOL International

Sterne Agee initiates a Neutral rating on AMCOL International Corp.

as the company lacks catalyst despite focusing on good niches and decent valuation. Sterne Agee says, “The key theme across AMCOL's businesses is that the company doesn't try to compete with the major players in commodity-like markets. Instead, AMCOL focuses on other applications that are largely ignored by the big boys and where it can add value for customers and have a leading position in the market.” ACO closed at $30.99 per share on Monday.