KeyBanc Upgrades OMNOVA Solutions (OMN) to Buy
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KeyBanc upgrades OMNOVA Solutions Inc. (NYSE: OMN) from Hold to Buy. Price target $4.50.
KeyBanc analyst says, "We suspect the stock can maintain positive momentum on a fiscal 2Q09 earnings beat and favorable comps throughout the remainder of FY09, due to fundamental positives in the Performance Chemicals business...We are increasing our fiscal 2Q09 EPS estimate to $0.12 (from $0.05) with the upside driven by strong results in the Performance Chemicals segment."
OMNOVA Solutions Inc. (OMNOVA) is a provider of emulsion polymers, specialty chemicals and decorative and functional surfaces for a variety of commercial, industrial and residential end uses.
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