Baird Upgrades PolyOne (POL) to Outperform

Baird upgraded PolyOne (NYSE: POL) from Neutral to Outperform with a price target of $42.00 (from $40.00).

Analyst Ben Kallo commented, "When we initiated on POL in November 2014 we struggled with valuation but liked the company’s management team, specialty chemical portfolio, and strong balance sheet.We believe the 7% pullback YTD provides a good entry point to a company that has room to expand margins and grow its specialty line. Additionally, sustained low oil prices should be a tailwind in 2015+ and help POL to achieve double-digit earnings growth."

For an analyst ratings summary and ratings history on PolyOne click here. For more ratings news on PolyOne click here.

Shares of PolyOne closed at $35.90 yesterday.

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