KeyBanc Downgrades A. Schulman (SHLM) to Hold; Taking a Pause until Raw Material Pressures Abate
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Price: $29.42 +0.75%
Rating Summary:
1 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade SHLM Now!
KeyBanc downgraded A. Schulman (NASDAQ: SHLM) from Buy to Hold.
KeyBanc analyst says, "Given a disappointing start to FY11, downward revision to our earningsoutlook with a good portion being back-end loaded and the potential forrising raw materials costs to add wrinkles as the year unfolds, we arerevising our rating on SHLM to HOLD from BUY. While the stock's weakness yesterday discounts the weak fiscal 1Q11 to some degree, we believe our HOLD rating is appropriate given the lack of a good catalyst to drive momentum inthe stock."
For more ratings news on A. Schulman click here and for the rating history of A. Schulman click here.
Shares of A. Schulman closed at $20.31 yesterday, with a 52 week range of $16.85-$27.23.
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KeyBanc analyst says, "Given a disappointing start to FY11, downward revision to our earningsoutlook with a good portion being back-end loaded and the potential forrising raw materials costs to add wrinkles as the year unfolds, we arerevising our rating on SHLM to HOLD from BUY. While the stock's weakness yesterday discounts the weak fiscal 1Q11 to some degree, we believe our HOLD rating is appropriate given the lack of a good catalyst to drive momentum inthe stock."
For more ratings news on A. Schulman click here and for the rating history of A. Schulman click here.
Shares of A. Schulman closed at $20.31 yesterday, with a 52 week range of $16.85-$27.23.
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