UPDATE: Jefferies Raises PT on W.R. Grace on Growth, Balance Sheet Strength

In a report published Wednesday, Jefferies analyst Laurence Alexander reiterated a Buy rating on W.R. Grace GRA, and raised the price target from $90.00 to $101.00.

In the report, Jefferies noted, “In a slow growth environment, Grace provides an unusual combination of margin leverage (500+bps by 2020), core growth (~12% EBITDA CAGR 2011-2014E), and financial leverage (moving to 3x Net Debt/EBITDA post-emergence could add $0.46 to 2015E EPS) at only 15.6x Adjusted 2013E FCF (well below the current sector multiple of 20x, 83% FCF/NI). We reiterate our Buy rating and raise our price target to $101.”

W.R. Grace closed on Tuesday at $80.26.