KeyBanc Starts Quaker Chemical Corporation (KWR) at Buy; Quality Specialty Chemical Company

KeyBanc initiates coverage on Quaker Chemical Corporation (NYSE: KWR) with a Buy. PT $50.

KeyBanc analyst says, "Our Buy is underpinned by our belief that KWR: 1) is a quality specialty chemical company that has largely completed its turnaround efforts and is poised to generate 10%+ annual EPS growth over the next three years; 2) maintains a diverse product portfolio with a good mix of secular and cyclical growth drivers; 3) benefits from leading market positions and favorable industry dynamics; 4) can leverage a much improved cost structure, a healthy balance sheet and an ample liquidity profile; and 5) represents an attractive investment proposition considering current valuation levels and a relatively unknown/underappreciated story."

For more ratings news on Quaker Chemical Corporation click here and for the rating history of Quaker Chemical Corporation click here.

Shares of Quaker Chemical Corporation closed at $40.88 yesterday.

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