Jefferies Downgrades W.R. Grace & Co. (GRA) to Hold

November 30, 2016 6:56 AM EST
Get Alerts GRA Hot Sheet
Price: $63.91 -0.51%

Rating Summary:
    7 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
Trade GRA Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Jefferies downgraded W.R. Grace & Co. (NYSE: GRA) from Buy to Hold with a price target of $70.00 (from $80.00), citing risks to multiple.

Analyst Laurence Alexander commented, "The recent dip in Grace's relative multiple may not suffice to renew interest, as medium-term risks -- the sharp drop in FCF conversion once the NOLs are exploited, and demand risks for gasoline (and consequently FCC catalysts) -- threaten the multiple further out. Participation in future "risk off/weak $/near-term FCF yield" rallies could be more limited than in 2014-2015. Downgrade to Hold."

For an analyst ratings summary and ratings history on W.R. Grace & Co. click here. For more ratings news on W.R. Grace & Co. click here.

Shares of W.R. Grace & Co. closed at $67.01 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst PT Change, Downgrades

Related Entities

Jefferies & Co

Add Your Comment