KeyBanc Downgrades Chemtura Corporation (CHMT) to Sector Weight

October 17, 2016 7:21 AM EDT
Get Alerts CHMT Hot Sheet
Price: $33.15 --0%

Rating Summary:
    3 Buy, 8 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 1 | Down: 2 | New: 3
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KeyBanc downgraded Chemtura Corporation (NYSE: CHMT) from Overweight to Sector Weight.

"We are downgrading CHMT shares to SW with the announcement that the Company entered into the agreement to be acquired by LANXESS for $33.50/share and we do not envision a higher competitive bid being made for the Company," said analyst Michael J. Sison.

For an analyst ratings summary and ratings history on Chemtura Corporation click here. For more ratings news on Chemtura Corporation click here.

Shares of Chemtura Corporation closed at $32.78 yesterday.

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