Wells Fargo Reiterates Outperform on Univar (UNVR) Following Announced Nexeo Acquisition

September 18, 2018 8:01 AM EDT
Get Alerts UNVR Hot Sheet
Price: $23.60 +1.77%

Rating Summary:
    7 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Wells Fargo analyst, Allison Poliniak-Cusic, reiterated an Outperform rating and $40.00 price target on Univar (NYSE: UNVR) following the company's announced agreement to purchase Nexeo. Following the closing of the deal, UNVR will further cement its stake as the #2 global chemical distributor with an estimated 8-10% share, behind the current global leader Brenntag.

Wells Fargo views the deal favorably given the overlap with UNVR’s ongoing focus on profitable scale through technical sales, product breadth and deeper market penetration in areas like personal care.

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 $27.67 yesterday.

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

You May Also Be Interested In

Related Categories

Analyst Comments, Mergers and Acquisitions

Related Entities

Wells Fargo