Goldman Sachs Downgrades Nalco Holding Co. (NLC) to Sell
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Price: $38.80 --0%
Rating Summary:
1 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Nalco Holding Co. (NYSE: NLC) from Neutral to Sell with a $28 price target.
The firm sees limited upside given raw material headwinds. "We believe NLC will be challenged by the need to recover escalating petrochemical costs while also embarking on an emerging markets growth strategy that requires infrastructure spending," the analyst said.
For more ratings news on Nalco Holding Co. click here and for the rating history of Nalco Holding Co. click here.
Shares of Nalco Holding Co. closed at $27.40 yesterday.
The firm sees limited upside given raw material headwinds. "We believe NLC will be challenged by the need to recover escalating petrochemical costs while also embarking on an emerging markets growth strategy that requires infrastructure spending," the analyst said.
For more ratings news on Nalco Holding Co. click here and for the rating history of Nalco Holding Co. click here.
Shares of Nalco Holding Co. closed at $27.40 yesterday.
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