Credit Suisse Starts Nexeo Solutions (NXEO) at Neutral

October 17, 2016 6:41 AM EDT
Get Alerts NXEO Hot Sheet
Price: $9.12 -1.19%

Rating Summary:
    2 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Credit Suisse initiates coverage on Nexeo Solutions (NASDAQ: NXEO) with a Neutral rating and a price target of $8.50.

Analyst Andrew Buscaglia commented, "NXEO is the number three chemicals distributor in NA and the market leader in plastics. Despite trading at a discount to peers, we remain cautious on NXEO given risks that could weigh on sentiment and valuation."

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

Shares of Nexeo Solutions closed at $7.93 yesterday.

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