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Canaccord Genuity Maintains a 'Hold' on LSB Industries (LXU); Another Impressive Quarter, Valuation Now More Attractive

August 9, 2011 3:53 PM EDT
Get Alerts LXU Hot Sheet
Price: $8.78 +3.05%

Rating Summary:
    3 Buy, 4 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Canaccord Genuity maintains a 'Hold' on LSB Industries (NYSE: LXU).

Canaccord analyst, Eric Prouty, said, "Smashing earnings estimates seems to be the new norm for LXU as the chemicals business continues to outperform, benefiting from production growth at Pryor as well as highly favorable market trends. While the outlook for climate control is a bit weaker given softer dynamics in the nonresidential construction market, the longer-term outlook for this market-leading business remains excellent, in our view. While our estimates and target are under review at this time, LXU’s valuation has become significantly more compelling in recent weeks."

For more ratings news on LSB Industries click here and for the rating history of LSB Industries click here.

Shares of LSB Industries closed at $35.02 yesterday.


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