KeyBanc Starts Versum Materials (VSM) at Overweight
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
KeyBanc initiates coverage on Versum Materials (NYSE: VSM) (when issued) with an Overweight rating and a price target of $30. Analyst Michael J. Sison anticipates EPS growth.
"We believe VSM offers investors a high quality small to mid-cap specialty chemical company that is leveraged to the semiconductor industry with steady secular growth drivers as chemicals are increasingly needed to meet the consistent demand for faster and smaller semiconductors. VSM should be capable of MSD organic sales growth levered into MSD to HSD EBITDA growth with a healthy balance sheet that can be levered to support ~10%+ EPS growth," said Sison.
Shares of Versum Materials closed at $ yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Susquehanna Cuts Price Target on KLA-Tencor (KLAC) Following Strong 1Q
- Cowen Upgrades Dick's Sporting Goods (DKS) to Outperform
- Wedbush Raises Price Target on Citizens Financial Group (CFG) Following 3Q EPS Beat
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, New Coverage
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!