Wells Fargo Starts PolyOne (POL) at Outperform; From Volume To Value

Wells Fargo initiates coverage on PolyOne (NYSE: POL) with an Outperform. PT range $14-$15.

Wells analyst says, "We believe POL has been successful in transforming its portfolio to becoming more Specialty, with half of its profit now coming from that side of the ledger. Its recent sale of the Sunbelt chloralkali joint venture (JV) has left it with a healthy balance sheet, providing flexibility to participate in more specialty mergers and acquisitions (M&A), or otherwise invest in such shareholderfriendly activities, as paying a dividend, in our view. We introduce our 2011E EPS at $1.04 and 2012E at $1.15."

For more ratings news on PolyOne click here and for the rating history of PolyOne click here.

Shares of PolyOne closed at $11.40 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• AMD (AMD) to offer senior notes in four parts
• ICICI Securities Resumes Oberoi Realty Ltd (OBER:IN) at Buy (1)
• Oppenheimer Starts Carriage Services (CSV) at Outperform