In a report published Monday, Jefferies analyst Laurence Alexander reiterated Hold rating on Koppers Holdings KOP, but lowered the price target from $44.00 to $40.00.
In the report, Jefferies noted, “While the Osmose acquisition appears to thread the needle of attractive economics (post-synergies) adding significant addressable growth opportunities, the disappointing results in Q1 and risks to the timing of JV accretion suggest Koppers likely faces 1-2 more tough quarters. We reiterate our Hold rating.”
Koppers Holdings closed on Friday at $35.86.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in