Jefferies Downgrades Solutia (SOA) to Hold
SOA Hot Sheet
Rating Summary:1 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 24 | Down: 11 | New: 36
Jefferies downgraded Solutia (NYSE: SOA) from Buy to Hold with a price target of $28.50 (up from $28).
The firm comments, "To reflect the prospect of Eastman's (EMN, $54.47, NC) acquisition of Solutia for $22 in cash and 0.12 shares, we are raising our price target $0.50 to $28.50, but lowering our rating to Hold from Buy."
For an analyst ratings summary and ratings history on Solutia click here. For more ratings news on Solutia click here.
Shares of Solutia closed at $28.01 yesterday, with a 52 week range of $11.27-$28.18.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
The firm comments, "To reflect the prospect of Eastman's (EMN, $54.47, NC) acquisition of Solutia for $22 in cash and 0.12 shares, we are raising our price target $0.50 to $28.50, but lowering our rating to Hold from Buy."
For an analyst ratings summary and ratings history on Solutia click here. For more ratings news on Solutia click here.
Shares of Solutia closed at $28.01 yesterday, with a 52 week range of $11.27-$28.18.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- Canaccord Genuity Reiterates a 'Buy' on InterMune Inc. (ITMN); Reducing Estimates and PT
- Canaccord Genuity Downgrades Mercer International (MERC) to Hold
- Mizuho Securities Downgrades Dell (DELL) to Neutral
Create E-mail Alert Related Categories
Analyst PT Change, DowngradesRelated Entities
Jefferies & CoSign 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!
