Jefferies Starts Univar (UNVR) at Buy

Jefferies initiates coverage on Univar (NYSE: UNVR) with a Buy rating and a price target of $29.00.

Analyst Laurence Alexander commented, "Univar offers investors leverage to a secular shift in favor of outsourcing chemical distribution to third-party distributors, augmented by the ongoing consolidation of the global chemical distribution market. We initiate coverage with a Buy rating and a $29 price target."

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

Shares of Univar closed at $22.13 yesterday.

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