UPDATE: Balchem Corp. (BCPC) Rated 'Sell' at Off Wall Street

(Updated - January 20, 2015 12:14 PM EST)

Balchem Corp. (NASDAQ: BCPC) was initiated at Sell with a price target of $42 by Off Wall Street.

UPDATE - Off Wall Street notes that a large portion of Balchem's revenue comes from the hydrofracking sector, which they suspect will continue to decline as energy prices remain low. The firm also points out that Balchem's recent acquisition is underperforming relative to expectations.

Balchem may see additional downside pressure over the next three sessions following the call.

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