Jefferies Starts Nexeo Solutions (NXEO) at Hold

September 9, 2016 7:37 AM EDT
Get Alerts NXEO Hot Sheet
Price: $9.16 -1.61%

Rating Summary:
    2 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Jefferies initiates coverage on Nexeo Solutions (NASDAQ: NXEO) with a Hold rating and a price target of $10.00.

Analyst Laurence Alexander, "Nexeo has already set aggressive improvement targets as it makes the transition to being a public company. We forecast $251m in FCF through 2018E, but we believe the operating leverage will more likely be validated in 2H17-2018. Hefty initial leverage (7.8x 2016E EBITDA) suggests a better risk/reward in 1H17 once traction on structural improvements is validated."

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 $8.88 yesterday.

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