Jefferies Starts Trinseo SA (TSE) at Buy

July 22, 2014 6:54 AM EDT
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Price: $52.00 +0.02%

Rating Summary:
    5 Buy, 3 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Jefferies initiates coverage on Trinseo SA (NYSE: TSE) with a Buy rating and a price target of $27.00.

Analyst Laurence Alexander said, "Trinseo's double leverage to debt reduction and cyclical recovery would be more compelling in a stronger-growth environment. Nonetheless, it likely provides an attractive source of "beta" given near-term restructuring savings, debt refinancing and improving FCF generation."

For an analyst ratings summary and ratings history on Trinseo SA click here. For more ratings news on Trinseo SA click here.

Shares of Trinseo SA closed at $19.83 yesterday.

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