UBS Defends Kraton Performance Polymers (KRA); Cutting Estimates, but Not All News Bad

August 3, 2012 12:56 PM EDT Send to a Friend
Get Alerts KRA Hot Sheet
Price: $16.85 -0.77%

Rating Summary:
    2 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 14 | New: 40
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UBS maintains a 'Buy' on Kraton Performance Polymers (NYSE: KRA) price target of $30.00 (from $31.00).

Analyst, Gregg A. Goodnight, said, "KRA reported 2Q GAAP EPS of $0.38, behind the Consensus estimate of $0.79 and well below our estimate of $1.21 primarily because of a lower-than-expected contribution from a FIFO accounting impact...Kraton reported that sales of its higher-end products such as Cariflex polyisoprene rubber (up 30% YoY) and Adhesives, Coatings and Sealants (up 6% YoY) were up, improving sales mix."

UBS chops FY12 EPS estimate from $2.85 to $1.90 and FY13 from $3.55 to $3.00.

For an analyst ratings summary and ratings history on Kraton Performance Polymers click here. For more ratings news on Kraton Performance Polymers click here.

Shares of Kraton Performance Polymers closed at $19.16 yesterday.


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