Baird Downgrades Calgon Carbon Corp. (CCC) to Neutral Following Acquisition

Baird downgraded Calgon Carbon Corp. (NYSE: CCC) from Outperform to Neutral with a price target of $21.00.

Analyst Ben Kalio believes a competing bid is unlikely to emerge and expects the deal to close in December pending customary closing conditions.

For an analyst ratings summary and ratings history on Calgon Carbon Corp. click here. For more ratings news on Calgon Carbon Corp. click here.

Shares of Calgon Carbon Corp. closed at $21.40 yesterday.

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