KeyBanc Downgrades A. Schulman (SHLM) to Sector Weight Following Negative Earnings Pre-announcement

KeyBanc downgraded A. Schulman (NASDAQ: SHLM) from Overweight to Sector Weight and removed its price target. The change follows its negative pre-announcement.

Analyst Michael Sison said, "We are downgrading shares of A. Schulman from Overweight to Sector Weight as we no longer see the current risk/reward dynamics as favorable following the negative earnings pre-announcement. While we continue to believe Citadel can potentially be a good strategic fit for SHLM given it complements its legacy business, increases EBITDA margins and provides a better geographic footprint with solid long-term growth potential, we believe the near-term risks outweigh the rewards given the lingering Lucent quality issues and delayed timing for earnings accretion."

For an analyst ratings summary and ratings history on A. Schulman click here. For more ratings news on A. Schulman click here.

Shares of A. Schulman closed at $27.81 yesterday.

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