KeyBanc Upgrades Koppers Holdings (KOP) to Buy; Real Small Cap Value

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KeyBanc upgraded Koppers Holdings (NYSE: KOP) from Hold to Buy with a price target of $45.00.

Analyst, Ivan M. Marcuse, said, "We feel that the scale is now tipped toward reward over risk at the current share price. While low aluminum prices are creating some further risk of additional production curtailment, a negative for KOP's pitch volumes, we suspect that this is reflected in the current valuation."

FY13 EPS estimate raised from $3.75 to $3.90.

For an analyst ratings summary and ratings history on Koppers Holdings click here. For more ratings news on Koppers Holdings click here.

Shares of Koppers Holdings closed at $34.42 yesterday, with a 52 week range of $23.59-$40.61.

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