PolyOne Upgraded To Buy, Shares Jump 11% (POL)

Shares of Cleveland, Ohio-based PolyOne Corporation POL are trading up 11% at $13.86 per share during the Monday afternoon trading session. Shares of PolyOne Corporation have been climbing since KeyBanc Capital Markets upgraded the company's rating from Hold to Buy. The day's trading range for shares of PolyOne Corporation (POL) has been between $12.80 and $13.88 per share. Analysts covering PolyOne Corporation stock give it a consensus price target of $16.17 per share. Trading volume for PolyOne Corporation has been heavier than usual, with 1.6 million shares having been traded today, nearly double the daily average volume of 828,000 shares. PolyOne Corporation, with 2009 annual revenues of $2.1 billion, is a premier provider of specialized polymer materials, services and solutions, with operations around the world. Read more from Benzinga's Company news.